Spot Bitcoin ETFs See $1.67B Weekly Inflows Amid Bitcoin’s Record Rally

Quick Summary:

With the cryptocurrency markets surging once again, spot Bitcoin exchange-traded funds (ETFs) resumed their upward pace and had another good week.

Data from the crypto monitoring platform SoSoValue shows that spot Bitcoin ETFs saw six weeks of positive flows, with net inflows of $1.

During the third quarter, the hedge fund manager added $130 million worth of IBIT shares to their stakes in BlackRock’s spot Bitcoin ETF.

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Article Details

Author / Journalist: Imran

Category: Crypto

Markets: United Arab Emirates

Topics: ETHEREUM Bitcoin BTC Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 14:00:00 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 265 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23667666

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 35 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

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