Spot Bitcoin ETFs Record $39.4M Inflows As Ether ETFs Decline

Quick Summary:

Spot Bitcoin ETFs have maintained positive flows over the past week.They attracted $39.42 million in net inflows on Wednesday.  According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows.  It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.

He highlighted that Bitcoin ETFs are seeing unprecedented institutional adoption, even more than any other ETF in history.

The remaining five Bitcoin ETFs recorded zero flows for the day.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: India

Topics: Inflows Spot Bitcoin ETFs Record $39.4M Decline Ether ETFs Latest News News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 07:16:13 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 20 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © BitcoinWorld

News ID: 22225612

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