Significant Net Inflow into US BTC Spot ETF: $147 Million Over Past 10 Days
CryptoNewsTerminal Staff10 Jul, 2024
Significant Net Inflow into US BTC Spot ETF: $147 Million Over Past 10 Days
SpotOnchain, via X, reported that a total of $147 million in net inflow into the US BTC spot ETF was tallied over the past 10 days (local time). BlackRock iBit saw the most significant inflow of $121 million, followed by Fidelity FBTC with $57.8 million. In contrast, Grayscale GBTC recorded a net outflow of $8.2 million. Analysts note that this net inflow into BTC spot ETFs signals growing institutional interest in the underlying asset, providing further legitimacy to the crypto market. The influx of such large investments suggests increased confidence in the long-term prospects of Bitcoin as a valuable asset class.
