US Spot Bitcoin ETFs Saw $31.3M Worth of Total Net Inflows on October 31

Quick Summary:

US spot Bitcoin ETFs experienced a combined net inflow of $31.3 million on October 31, marking the seventh consecutive trading day of net inflows, according to data from Tree News and Farside Investors.

Among these inflows, BlackRock’s IBIT and Valkyrie’s BRRR recorded net inflows of $317.8 million and $1.9 million, respectively.

As ETFs accumulate more Bitcoin, the demand can drive prices higher, especially during periods of sustained inflows.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: US Spot Bitcoin ETFs Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:56:39 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 858 words

Reading Time: 5 minutes read

Sentences: 45 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23361662

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

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