US BTC Spot ETF Experiences Significant Net Inflow, Surpassing Rival Funds

IconCNT15 May, 2024

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US BTC Spot ETF Experiences Significant Net Inflow, Surpassing Rival Funds

The US BTC spot ETF has witnessed a substantial net inflow of $105 million, placing it ahead of competing funds. According to data from Farside Investors, a financial information platform, this influx occurred on the 14th (local time). Meanwhile, ARKB, an actively managed ETF, saw a net inflow of $133 million. However, GBTC, a popular Bitcoin trust, experienced a net outflow of $50 million. Notably, BlackRock's IBIT did not record any net inflows. This influx suggests growing investor confidence in the US BTC spot ETF, which tracks the price of Bitcoin directly. While other Bitcoin ETFs exist, the spot ETF offers a more direct exposure to the cryptocurrency. This may appeal to investors seeking diversified exposure to digital assets or those seeking a convenient way to gain Bitcoin exposure without purchasing it directly. Overall, the net inflow into the US BTC spot ETF signifies the increasing adoption and acceptance of Bitcoin as an investable asset class, particularly among institutional investors.

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