Bitcoin Spot ETFs Saw $555.8M Net Inflows On 'Monster' Monday
Portfolio Pulse from Khyathi Dalal
U.S. Spot Bitcoin ETFs experienced a significant net inflow of $555.8 million on Monday, with Fidelity Wise Origin Bitcoin Fund leading the surge. This marks the highest single-day inflow since July, driven by bullish sentiment and political shifts favoring crypto.
October 15, 2024 | 1:09 pm
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POSITIVE IMPACT
ARK 21Shares’ Bitcoin ETF recorded significant inflows, indicating growing investor interest in Bitcoin ETFs.
The inflows into ARKB suggest increasing investor interest, likely supporting its short-term price.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Bitwise Bitcoin ETF saw a $100 million inflow, reflecting positive investor sentiment towards Bitcoin ETFs.
The $100 million inflow into BITB indicates a positive outlook from investors, likely supporting its short-term price increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Fidelity Wise Origin Bitcoin Fund led the inflows with $239.25 million, indicating strong investor interest and confidence in Bitcoin ETFs.
The significant inflow into FBTC suggests strong investor confidence and interest, likely boosting its short-term price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Grayscale Bitcoin Trust also recorded significant inflows, reflecting continued investor confidence in Bitcoin ETFs.
The inflows into GBTC indicate sustained investor confidence, likely boosting its short-term price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
BlackRock’s iShares Bitcoin Trust reported $79.5 million in net inflows, reinforcing its position as a leading Bitcoin ETF.
The substantial inflow into IBIT supports its status as a leading Bitcoin ETF, likely boosting its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85