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Sujit Kumar
Oct 25, 2024
by Sujit Kumar

Bitcoin Spot ETF Sees Major Inflows, Led by BlackRock’s $166 Million Addition

Bitcoin spot etf

Table of contents

  1. Ethereum Spot ETF Also Gains Ground
  2. Institutional Confidence in Crypto Grows
The Bitcoin Spot ETF market recently saw a significant net inflow of $188 million on October 24, with BlackRock’s IBIT ETF leading the charge, adding $166 million, according to Sosovalue. This surge continues a trend of strong inflows from October 11, with only one day of minor outflows recorded. Analysts believe this momentum highlights institutional interest in Bitcoin as an inflation hedge and showcases growing confidence in the resilience of the crypto market, even amid the uncertain macroeconomic landscape.

Ethereum Spot ETF Also Gains Ground

Ethereum Spot ETFs also saw modest growth, posting a net inflow of approximately $2.3 million. Though more conservative compared to Bitcoin’s gains, this steady inflow reflects investor confidence in Ethereum’s long-term potential as a leading asset in decentralized finance (DeFi) and smart contracts. As one of the primary digital assets, Ethereum continues to attract attention, though at a pace that suggests it is considered a complementary investment to Bitcoin in the eyes of institutions.

Institutional Confidence in Crypto Grows

These inflows underscore the increasing recognition of digital assets by institutions as viable investments. The expanding presence of spot ETFs offers a pathway for investors to enter the market with less risk, indicating a broader acceptance of digital assets in mainstream finance. As Bitcoin solidifies its role as a potential inflation hedge, interest from institutional investors is likely to grow, setting the stage for further inflows.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Bitcoin Spot ETF Sees Major Inflows, Led by BlackRock’s $166 Million Addition
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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