Ethereum

Bitcoin

Strong

Show

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/spot-bitcoin-etfs-attract-significant-investment-in-the-u-s/" data-wpel-link="internal">Spot Bitcoin ETFs Attract Significant Investment in the U.S.</a> 
On November 22, 2024, U.S. spot Bitcoin ETFs received a total net inflow of $1.05 billion. BlackRock’s IBIT ETF attracted $608 million, while Fidelity’s FBTC ETF garnered $301 million. During the same period, spot Ethereum ETFs experienced a net outflow of $9 million. 
<h2 style="text-align: justify;" id="strong-spot-bitcoin-etfs-show-strong-performance-strong">Spot Bitcoin ETFs Show Strong Performance</h2> 
The interest in U.S. spot Bitcoin ETFs continues to surge among investors. Data from Farside Investors highlights that Bitcoin (BTC) is outperforming other <a href="https://en.coin-turk.com/weekly-crypto-market-analysis-bitcoin-ethereum-and-top-altcoins/" data-wpel-link="internal">cryptocurrencies</a> like Ethereum (ETH) with a one-day inflow of $1.05 billion. BlackRock’s IBIT ETF maintained its leadership by drawing the highest investments during this period, signifying a growing confidence in Bitcoin among both institutional and individual investors. 
<figure id="attachment_409089" class="wp-caption aligncenter" style="width: 100%;" aria-describedby="caption-attachment-409089">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-409089" src="https://coin-turk.com/wp-content/uploads/2024/11/Spot-Bitcoin-ETF-3-scaled.jpg" alt="" width="2560" height="1008">
 <figcaption id="caption-attachment-409089" class="wp-caption-text">
 Spot Bitcoin ETF
 </figcaption>
</figure> 
Nate Geraci, President of The ETF Store, noted that spot Bitcoin ETFs have achieved remarkable financial success with total net inflows exceeding $30 billion. According to Geraci, this volume confirms Bitcoin’s rapid emergence as a robust asset class within traditional finance. 
<h2 style="text-align: justify;" id="strong-spot-ethereum-etfs-experience-stagnation-strong">Spot Ethereum ETFs Experience Stagnation</h2> 
In contrast, spot Ethereum ETFs saw a net outflow of $9 million during the same period. Experts suggest that this outflow may be a consequence of the intense interest in Bitcoin. Ethereum’s decline in the spot ETF market indicates that investors are primarily focusing on Bitcoin, although experts believe this trend will have limited long-term effects on Ethereum’s performance. 
The divergence in interest between Bitcoin and Ethereum provides crucial insights into how trends in the <a href="https://en.coin-turk.com/uzbekistan-approves-participation-of-private-bank-in-national-crypto-card-project/" data-wpel-link="internal">cryptocurrency</a> market may develop. 
&nbsp; 
The post <a href="https://en.coin-turk.com/spot-bitcoin-etfs-attract-significant-investment-in-the-u-s/" data-wpel-link="internal">Spot Bitcoin ETFs Attract Significant Investment in the U.S.</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Spot Bitcoin ETFs Attract Significant Investment in the U.S.

Table of Contents

COINTURK NEWS

Other articles published on Nov 22, 2024

Trump Media Files Trademark for TruthFi, Eyes Big Moves in Crypto

Here’s why Justin Sun’s Tron could soar to $1

Bitcoin up 500% Since Historic Crash Below $16,000 Two Years Ago

Ethereum (ETH) Becomes Censorship-Resistant With This Upgrade

Peter Brandt Issues Crucial Scam Warning But Not About Bitcoin

Solana Hits New All-Time High: Could a SOL ETF Be Next?

Join our free newsletter for daily crypto updates!