Bitcoin ETF

Bitcoin

Momentum

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etfs-gain-momentum-with-consistent-positive-flows/" data-wpel-link="internal">Bitcoin ETFs Gain Momentum with Consistent Positive Flows</a> 
<a href="https://en.coin-turk.com/bitcoin-poised-for-all-time-highs-key-catalysts-for-growth/" data-wpel-link="internal">Bitcoin</a> exchange-traded funds (ETFs) in the field have been indicating a positive picture for the cryptocurrency market according to the latest data. Current data shows that spot Bitcoin ETFs in the US have completed their 17th consecutive trading day on a positive note. 
<h2 style="text-align: justify" id="strong-high-interest-in-blackrock-s-spot-bitcoin-etf-ibit-strong">High Interest in BlackRock’s Spot Bitcoin ETF IBIT</h2> 
According to data provided by leading analysis platform SoSoValue, spot Bitcoin ETFs recorded a total of $135 million in net inflows on February 20th, marking their 17th consecutive positive trading day. However, outflows from Grayscale’s spot Bitcoin ETF GBTC continue. In contrast to the general trend of inflows into ETFs, there was a net outflow of $137 million from GBTC on February 20th. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-317678" src="https://coin-turk.com/wp-content/uploads/2024/02/Spot-Bitcoin-ETF.png" alt="" width="2894" height="1142"> 
The data also reveals that the world’s largest asset management company, known as BlackRock, saw a net inflow of $154 million into its spot Bitcoin ETF, IBIT, on the same day. Additionally, the cumulative net inflow to IBIT has now reached an impressive level of $5.52 billion. This is a significant indicator of the strong interest among investors in BlackRock’s ETF. 
The consistent net inflows into spot Bitcoin ETFs over the last 17 trading days demonstrate a strong appetite for funds that hold BTC directly among both institutional and individual investors. This trend is a significant sign that the bullish sentiment surrounding Bitcoin continues despite occasional market fluctuations and volatility. 
<h2 style="text-align: justify" id="strong-outflows-from-gbtc-may-continue-for-several-more-months-strong">Outflows from GBTC May Continue for Several More Months</h2> 
The ongoing outflows from Grayscale’s spot Bitcoin ETF indicate that investor sentiment towards this particular investment vehicle remains uncertain. GBTC has long been seen as a popular option for investing in Bitcoin in traditional <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">financial</a> markets, but it has faced a trend of fund outflows since it was converted into a spot ETF with the approval of the SEC, and this trend has continued since the fund’s inception. The outflows from GBTC are associated with changing preferences among investors and various reasons such as high fund management fees. Experts suggest that the outflows from GBTC could continue for several more months. 
Meanwhile, the significant net inflows seen by BlackRock’s spot Bitcoin ETF, IBIT, symbolize the growing importance of the ETF in the world of cryptocurrency. The total net inflow exceeding $5.52 billion for IBIT reflects its emergence as a preferred option for investors looking to enter and invest in the cryptocurrency market through an ETF vehicle. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etfs-gain-momentum-with-consistent-positive-flows/" data-wpel-link="internal">Bitcoin ETFs Gain Momentum with Consistent Positive Flows</a></h5>

Bitcoin ETFs Gain Momentum with Consistent Positive Flows

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