Bitcoin spot Exchange-Traded Funds (ETFs) experienced substantial net inflows, signaling increased investor confidence and a potential realignment of investment strategies. According to data analytics firm SoSoValue, the cryptocurrency market witnessed a significant movement of funds on Tuesday.
The net inflow into Bitcoin spot ETFs reached $113 million in a single day. This movement underscores a growing interest in Bitcoin as an investment vehicle amid fluctuating market conditions.
Leading the pack in terms of net inflows was the Fidelity Bitcoin ETF (FBTC), which saw an impressive influx of approximately $116 million. Close behind, the BlackRock Bitcoin ETF (IBIT) experienced a net inflow of about $42.03 million. These figures highlight the ETFs’ attractiveness to investors seeking to gain Bitcoin exposure through regulated financial instruments.
https://blockchainreporter.net/bitcoin-spot-etfs-see-significant-inflows-amid-market-shifts/