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Spot Bitcoin ETFs net inflow approaches $3b

Net inflow s into spot Bitcoin (BTC) ETFs on the fourth day after launch approached $3 billion. According to BitMEX Research data released on Jan. 18, 4-day net inflow s into Bitcoin spot ETFs (excluding GBTC) totaled $2.9 billion. Among these 11 ETFs, BlackRock, Fidelity, and Bitwise eclipsed the list of inflow s, ranking among the top three ETF service providers in the trade sphere. The Fund received $1.085 billion, $884 million, and $375, respectively. Cointucky Derby – Day 4 Flow – CHART After 4 days of spot Bitcoin ETFs. There is over $2.9 billion of total inflow (excluding GBTC) The top three providers after four days by inflow : 1. Blackrock $1,085m 2. Fidelity $884m 3. Bitwise $375m Still waiting for GBTC day 4… pic.twitter.com/Q8bBiVN0nM — BitMEX Research (@BitMEXResearch) January 18, 2024 At the same time, according to another report published later, in four days, the GBTC fund attracted $458 million and $1.6 billion of outflow. Bitcoin Spot ETFs ...

Digital asset investment inflows totaled $176m last week

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ETP inflows continued last week, reaching $176 million, a much larger share of the cryptocurrency’s total volume. According to the CoinShares report, the positive dynamics of capital inflows have continued for eight weeks in a row. Meanwhile, ETP’s share of total cryptocurrency volumes is growing, averaging 11% compared to the long-term historical average of 3.4% and well above the 2020-2021 bull market averages. However, inflows still lag significantly behind 2021 and 2020 figures of $10.7 billion and $6.6 billion, respectively. Weekly crypto asset flows | Source: CoinShares Trading volumes grew to an average of $3 billion per week, double this year’s average of $1.5 billion. You might also like: Altcoin market on brink of parabolic growth, analyst predicts Bitcoin (BTC) remains dominant, with inflow s of $155 million over the past week. Moreover, over the past eight weeks, the inflow amounted to 3.4% of the total asset s under management. “We b...