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Cryptocurrency News Articles

Bitcoin (BTC) and Ether (ETH) ETPs See Record Inflows as Market Sentiment Improves

Nov 09, 2024 at 06:04 am

ETFs attracted record-breaking inflows of nearly $1.4 billion on Thursday, with BlackRock’s iShares Bitcoin Trust (IBIT) collecting more than $1.1 billion of the total, according to U.K.-based asset manager Farside Investors.

Bitcoin (BTC) and Ether (ETH) ETPs See Record Inflows as Market Sentiment Improves

Spot bitcoin exchange-traded funds attracted a record-breaking net inflow of nearly $1.4 billion on Thursday, with BlackRock’s iShares Bitcoin Trust collecting more than $1.1 billion of the total, according to U.K.-based asset manager Farside Investors.

Fidelity’s Wise Origin Bitcoin Fund attracted $190.9 million, according to Farside data.

ARK 21Shares Bitcoin ETF generated $17.6 million in inflows, while the Bitwise Bitcoin ETF added $13.4 million.

X post. “All told they feasted on about 18k btc in one day (vs 450 mined) and are now 93% of the way to passing Satoshi's 1.1mil btc.”

BlackRock’s iShares Ethereum Trust and the Fidelity Ethereum Fund led with inflows of $23.7 million and $28.9 million, respectively.

VanEck’s Ethereum ETF gathered $12.7 million, while the Grayscale Ethereum Mini Trust added $5.5 million in new assets.

Grayscale Ethereum Trust since its conversion. It carries a 2.5% expense ratio, the highest for these funds.

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Original source:yahoo

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