US Spot Bitcoin ETFs Witness Positive Flows of $28 Million
Tuesday, 10 September 2024, 05:44
US Spot Bitcoin ETFs Surge
US spot bitcoin ETFs have returned to positive flows, with a notable $28 million influx. This surge reflects a growing confidence in the cryptocurrency landscape.
Fidelity and Bitwise ETFs Lead the Inflows
Fidelity’s FBTC led the pack of inflows on Monday with $28.6 million, showcasing strong demand from investors. Following closely, Bitwise’s BITB saw an impressive $21.99 million in inflows.
Market Insights
- The uptick in inflows highlights renewed investor interest.
- Fidelity’s performance indicates a robust market presence.
- Bitwise’s growth reinforces the diversification in ETF offerings.
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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.