Bitcoin Spot ETF, Buying Trend Revived with $1.2 Billion Inflow in 3 Trading Days

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The US Bitcoin spot ETF market continues to show a large capital inflow for the third consecutive trading day, signaling a recovery in investment sentiment.

According to Soso Value's compilation on the same day (local time), a total of $216.64 million (approximately 296 billion won) was net inflows into the US Bitcoin spot ETF market in a single day.

Although $342.25 million was withdrawn on the 1st of this month, interrupting the 15-day consecutive net inflow, it has continued a large inflow for three trading days since the 2nd (407.78 million dollars) and 3rd (601.94 million dollars).

The net inflow on this day occurred in ▲BlackRock IBIT ($164.64 million) ▲Fidelity FBTC ($66.05 million) ▲Grayscale GBTC ($6.22 million) 3 ETFs.

There were outflows from Ark·21Shares ARKB ($10.07 million) and Grayscale GBTC ($10.21 million), while the remaining 7 ETFs had no additional capital inflows or outflows.

The cumulative total inflow of Bitcoin spot ETFs is $4.986 billion, which increased from the previous day's $4.964 billion.

The daily trading volume of the entire ETF market was $2.89 billion, slightly increasing from the previous day's $2.51 billion.

The top trading volume ETFs are ▲BlackRock IBIT ($2.32 billion) ▲Fidelity FBTC ($193.7 million) ▲Grayscale GBTC ($149.8 million).

The total net assets of ETFs are $135.71 billion, accounting for approximately 6.32% of the total Bitcoin market capitalization.

The top 3 ETFs based on net assets are ▲BlackRock IBIT ($75.76 billion) ▲Fidelity FBTC ($22.07 billion) ▲Grayscale GBTC ($19.9 billion).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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