Bitcoin

Million

<p><strong>Bitcoin exchange-traded funds (ETFs) have seen an impressive wave of net inflows! This, with an inflow of $216.33 million recorded this Tuesday. This positive trend, which began on Monday, marks the second consecutive day of net inflow. It reflects investors’ confidence in cryptocurrencies despite recent market fluctuations.</strong></p>
<h2 id="h-bitcoin-etfs-record-216-million-inflows-this-tuesday">Bitcoin ETFs Record $216 Million Inflows This Tuesday!</h2>
<p>BlackRock’s IBIT ETF led this surge with net inflows of $121.03 million, followed by Fidelity’s FBTC ETF which attracted $90.95 million. Ark Invest’s ARKB and 21Shares ETFs also saw significant inflows, while VanEck’s Bitcoin fund <a href="https://www.cointribune.com/en/bitcoin-here-are-vanecks-bold-predictions-for-the-end-of-2024/" target="_blank" rel="noopener noreferrer nofollow">recorded</a> $3.27 million in inflows.</p>
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<p>In contrast, Grayscale’s GBTC ETF reported outflows of $37.5 million, and Bitwise’s BITB ETF experienced net outflows of $4.72 million. Total trading activity across the 11 spot Bitcoin funds reached <a href="https://m.sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">$1.19 billion on Tuesday</a>, indicating active market participation. Total net assets across Bitcoin ETFs currently amount to $49.32 billion! Supporting continued institutional interest despite recent market fluctuations.</p>
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<h2 id="h-btc-reacts-positively-to-this-massive-influx-into-etfs">BTC Reacts Positively to This Massive Influx into ETFs</h2>
<p><a href="https://www.cointribune.com/en/bitcoin-etfs-see-record-inflows-stabilizing-the-market/" target="_blank" rel="noopener noreferrer nofollow">Since Monday</a>, Bitcoin ETFs have seen massive capital inflows, causing the Bitcoin market to react positively. With a 1.43% increase in its price over the past 24 hours, BTC currently reaches $58,840. This rise is a breath of fresh air for investors, as it follows significant declines observed a few days ago.</p>
<p>This continuous influx into Bitcoin ETFs since the beginning of the week demonstrates investors’ confidence in Bitcoin’s long-term potential. It also illustrates the resilience of the <a href="https://www.cointribune.com/en/the-industry-will-transform-in-2045-with-6-trillion-in-crypto-wealth/" target="_blank" rel="noopener noreferrer nofollow">crypto market</a> and the strategy of investors to “buy the dip,” taking advantage of price corrections to strengthen their positions.</p>

Bitcoin: Record Inflow into ETFs Propels BTC!

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Cointribune EN

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