BlackRock leads as Bitcoin ETFs hit document $673 million influx in a single day - Your Crypto News Today

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Thursday, February 29, 2024

BlackRock leads as Bitcoin ETFs hit document $673 million influx in a single day


Fast Take

Bitcoin Change-Traded Funds (ETFs) are witnessing a outstanding surge, setting a brand new document with the most important day of inflows thus far. Knowledge from BitMEX exhibits a $673 million influx in a single day, the equal of 11,122 Bitcoin.

ETF Data in dollars: (Source: BitMEX)
ETF Knowledge in {dollars}: (Supply: BitMEX)

The spike in inflows signifies an elevated curiosity in Bitcoin-backed monetary merchandise. BlackRock’s IBIT noticed its largest one-day influx of $612 million, surpassing its earlier document of $520 million from only a day earlier. The ETF IBIT now boasts $7.2 billion in whole web flows, in line with BitMEX.

Equally, Constancy’s FBTC reported a big $245 million influx, elevating their whole web flows to $4.7 billion. Regardless of these optimistic figures, GBTC famous an accelerated outflow of $216 million, pushing their whole outflows to an alarming $7.8 billion.

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BitMEX stories Ark Make investments ARKB additionally achieved a brand new milestone with a cumulative $1.6 billion inflows, additional augmented by a further influx of $24 million.

Collectively, the online flows for all Bitcoin ETFs stand at $7.4 billion, equal to roughly 145,000 Bitcoin, in line with BitMEX.

The put up BlackRock leads as Bitcoin ETFs hit document $673 million influx in a single day appeared first on CryptoSlate.



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