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Spot Bitcoin ETF Inflows Up 220% in One Day

Spot Bitcoin ETF Inflows Up 220% in One Day

HappyCoinNewsHappyCoinNews2024/11/21 15:33
By:HappyCoinNews

According to SoSoValue, on Tuesday, November 19, 12 bitcoin ETF recorded a net inflow of $816,44 million, up 220% from Monday.

The largest inflow of funds on this day was recorded by ETF ARKB from ARK and 21Shares, which received $267,34 million, the highest amount since the fund's launch.

Fidelity’s FBTC and BlackRock’s IBIT also saw significant inflows, totaling $256,15 million and $216,12 million, respectively. Bitwise’s BITB, Grayscale’s GBTC, and HODL VanEck investors contributed $52,75 million, $16,19 million and $7,9 million, respectively. The other funds saw zero inflows.

Spot Bitcoin ETF Inflows Up 220% in One Day image 0

Inflow into spot bitcoin ETF

Total Spot BTC Trading Volume ETF amounted to $4,78 billion. This is significantly higher than the $3,62 billion recorded the day before.

Significant inflow of funds into bitcoin ETF coincided with the price of the flagship asset reaching a new all-time high of $94. This happened after the world's largest asset manager BlackRock launched options trading in iShares BTC Trust (IBIT) on the Nasdaq exchange.

Options immediately entered the top 20 most active non-index options. In the first trading hour, 73 option contracts were concluded, and the trading volume on the first day amounted to $000 billion.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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