Bitcoin Spot ETFs Receive $45 Million Net Inflow, BlackRock IBIT Leads the Charge
CryptoNewsTerminal Staff07 Aug, 2024
Bitcoin Spot ETFs Receive $45 Million Net Inflow, BlackRock IBIT Leads the Charge
According to crypto analyst HOLD15Capital (@HODL15Capital), Bitcoin spot ETFs listed in the United States recorded a combined net inflow of $45 million on the 7th (local time). BlackRock's iShares Bitcoin Trust (IBIT) saw the most significant net inflow of $53 million. WisdomTree's Bitcoin Trust (BTCW) and Grayscale's Bitcoin Mini Trust (BSCM) followed with net inflows of $11 million and $10 million, respectively. However, Grayscale's Bitcoin Trust (GBTC) experienced a net outflow of $31 million. The net inflow into Bitcoin spot ETFs indicates growing institutional interest in direct exposure to the underlying asset. This news follows the recent launch of several new Bitcoin spot ETFs in the United States, including offerings from ProShares, Valkyrie, and VanEck. These ETFs provide investors with a more convenient and regulated way to gain exposure to Bitcoin without purchasing the cryptocurrency directly.
