Spot Bitcoin ETFs Drove Over $700M in One Day, Preliminary Data Show – Crypto News – Crypto News
Connect with us
Spot Bitcoin ETFs Drove Over $700M in One Day, Preliminary Data Show Spot Bitcoin ETFs Drove Over $700M in One Day, Preliminary Data Show

De-fi

Spot Bitcoin ETFs Drove Over $700M in One Day, Preliminary Data Show – Crypto News

Published

1 year ago

on

Bitwise led the way attracting the most flows out of the 11 funds that started trading.

Spot bitcoin exchange-traded funds (ETFs) drew in more than $700 million on their first day of trading.

The 11 spot Bitcoin ETF that started trading Thursday for the first time drew in $720 million in net flows, according to preliminary data compiled by BitMEX Research. The data is incomplete though, as it doesn’t yet include Grayscale’s GBTC fund.

The Bitwise Bitcoin ETF led with $238 million, indicating strong institutional interest. Following were Fidelity Wise Origin Bitcoin ETF and BlackRock’s iShares Bitcoin Trust with $227 million and $111.7 million, respectively.

These figures highlight the growing confidence in Bitcoin as an asset class and the demand for diverse investment products within the cryptocurrency space.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending