Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal

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Institutional ownership of U.S.#Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings).pic.twitter.com/9YTOEH3G5w — Ki Young Ju (@ki_young_ju) October 22, 2024 Institutional Demand Is Still Strong Regardless, while the latest ETF flow swings have been significant in themselves, they can not distract from what is an ongoing push towards institutional Bitcoin adoption.

Related Reading: Shiba Inu Soars: Analyst Predicts 71% Rally In Meme Super Cycle’ – Details The outlook for spot Bitcoin ETFs, looking into the long term, appears quite positive with the current uptick in adoption from the institutional space and trading of Bitcoin at or near three-month highs.

US-traded spot Bitcoin ETFs have also seen significant interest from institutional investors, with 20% of the market owned by them as of October 22.

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Author / Journalist: Christian Encila

Category: Crypto

Markets: United KingdomCanadaSouth KoreaPhilippinesUnited States

Topics: Bitcoin Bitcoin ETF Crypto Sec Cryptocurrency Market News Btcusd

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Published On: 2024-10-24 @ 10:00:46 (1 weeks ago)

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