Bitcoin ETFs Record $870M Inflows as BTC Flirts With Lifetime Highs

Coindesk
2024-10-30
  • U.S. spot bitcoin ETFs saw over $870 million in net inflows on Tuesday, with BlackRock's IBIT leading at $629 million.
  • This surge in investments coincided with bitcoin's price nearing its all-time high, fueled by pre-election market volatility expectations.

Spot bitcoin exchange-traded funds (ETFs) listed in the U.S. recorded over $870 million in net inflows on Tuesday, the third-highest such figures since the products first went live in January.

BlackRock’s IBIT logged over $629 million in inflows, SoSoValue data shows, followed by Fidelity’s FBTC at $133 million, Bitwise’s BITB at $52 million, Grayscale’s mini bitcoin trust (BTC) at $29 million, VanEck’s HODL at $16 million and Ark’s ARKB at $12 million.

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