Bitcoin News: ETF Inflows Reach $117 Million Amid Market Recovery
Recent Bitcoin ETF Performance
Bitcoin news reveals that on Tuesday, Bitcoin exchange-traded funds (ETFs) experienced inflows totaling approximately $117 million. Leading this surge, Fidelity's Bitcoin Fund (FBTC) captured around $63 million in net inflows. Consequently, FBTC's eight-month total inflows now stand at $9.5 billion.
BlackRock's Bitcoin ETF Update
On the same day, Grayscale's Bitcoin Mini Trust (BTC) and ARK Invest/21Shares’ Bitcoin ETF (ARKB) also recorded substantial inflows, attracting about $41.1 million and $12.7 million, respectively. These figures signify that spot Bitcoin ETFs crossed the $100 million mark in inflows for the first time in September.
- Previous trading day saw record inflows of $28.6 million, reversing an eight-day streak of outflows.
- During that period, $1.2 billion left the market, raising concerns.
Market Outlook and Future Prospects
Bitcoin's recent price recovery aligns with a growing interest in Bitcoin ETFs. Despite setbacks for BlackRock’s iShares Bitcoin Trust, the fund remains a leader with holdings exceeding $20 billion. Institutional interest continues to grow with over 1,000 participants across all ETFs.
Bitcoin's price has risen by approximately 6.71%, now hovering around $56,600. This uptick is closely linked to broader economic indicators suggesting rising liquidity, which often benefits Bitcoin.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.