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Spot Bitcoin ETFs Log $627M Inflows as Ethereum ETFs Gain $307M

Spot Bitcoin ETFs Log $627M Inflows as Ethereum ETFs Gain $307M

Bitcoin spot ETFs experienced strong inflows, with BlackRock’s IBIT receiving $1.82 billion, bringing its total to $62.63 billion, highlighting growing institutional interest.

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ETH

Summary

Between September 29 and October 3, Bitcoin spot ETFs registered $3.24 billion in net inflows. BlackRock’s IBIT led the charge with $1.82 billion, bringing its total inflows to $62.63 billion. Fidelity’s FBTC ranked second with $692 million in weekly inflows. The total net asset value for Bitcoin spot ETFs reached $164.5 billion, representing 6.74% of Bitcoin’s market cap.

Terms & Concepts
  • Bitcoin Spot ETF: An exchange-traded fund that directly holds Bitcoin, allowing investors to gain exposure to its spot market price without owning the asset outright.
  • Net Inflow: The total amount of new investments entering a fund over a period, indicating positive investor sentiment when inflows exceed outflows.