Overview

Click to expand overview
United States-based spot Bitcoin exchange-traded funds (ETFs) have continued to attract investor interest despite outflows earlier in August. On Aug. 16, data from Hace 1 día U.S. spot bitcoin ETFs recorded their first day of outflows in 10 trading sessions on Thursday, the report said. The bank noted that spot bitcoin ETFs saw $358 million of BitMEX Research data indicates a total net positive inflow of $400 million for the seven spot Bitcoin ETFs. Specific ETFs have garnered attention in this surge. Bitcoin ETFs continue their bullish streak, with nine consecutive days of positive inflows. BlackRock’s IBIT led the charge with $295.63 million in inflows on Tuesday BitMEX Research data reflects a total net positive inflow of $400 million for the seven spot Bitcoin ETFs. This surge has bought several specific ETFs under the spotlight

Spot Bitcoin ETFs Attract $400 Million in Net Positive Inflow: Bullish Momentum Continues

The bullish trend for Bitcoin ETFs is showing no signs of slowing down. Recent data confirms that spot Bitcoin exchange-traded funds (ETFs) are attracting significant investor interest, with BitMEX Research data indicating a total net positive inflow of $400 million for the seven spot Bitcoin ETFs.

This positive trend follows a period where United States-based spot Bitcoin ETFs have continued to attract investor interest despite outflows earlier in August. This surge has bought several specific ETFs under the spotlight, signaling renewed confidence in the cryptocurrency market.

Bitcoin ETFs continue their bullish streak, with nine consecutive days of positive inflows. This sustained momentum underscores the growing acceptance and accessibility of Bitcoin as an investment asset.

While Hace 1 día U.S. spot bitcoin ETFs recorded their first day of outflows in 10 trading sessions on Thursday, the report said, the overall trend remains strongly positive. The bank noted that spot bitcoin ETFs saw $358 million of the recent inflows, further solidifying their position as a key driver of Bitcoin market activity.

BlackRock’s IBIT led the charge with $295.63 million in inflows on Tuesday, highlighting the strong performance and investor appeal of specific ETFs within the market. The $400 million net positive inflow, as reported by BitMEX Research data, reaffirms the growing institutional and retail interest in spot Bitcoin ETFs as a viable investment vehicle.

Top Sources

Related Articles