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US Spot Bitcoin ETFs Witness $297.6 Million in Net Inflows on October 21

BitcoinWorld LogoBitcoinWorld1w ago

US Spot Bitcoin ETFs Witness $297.6 Million in Net Inflows on October 21 - BitcoinWorld

Quick Summary:

US Spot Bitcoin ETFs Witness $297.6 Million in Net Inflows on October 21 On October 21, 2024, U.S.spot Bitcoin Exchange-Traded Funds (ETFs) experienced a combined net inflow of $297.6 million, marking the seventh consecutive day of gains.

The dominance of ETFs like BlackRock’s IBIT and Fidelity’s FBTC suggests that institutional investors are playing a pivotal role in driving market maturity.

Clearer guidelines and approvals for Bitcoin ETFs have reduced uncertainty, encouraging more investors to allocate funds to these financial instruments.


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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 05:36:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 850 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 23193880

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About BitcoinWorld

BitcoinWorld Logo

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

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The story "US Spot Bitcoin ETFs Witness $297.6 Million in Net Inflows on October 21" was covered 1 weeks ago by BitcoinWorld, a news publisher based in India.

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BitcoinWorld is a fully independent (privately-owned) news outlet established in 2020 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 20 news stories per day.

It's most recent story was published 12 hours ago.

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  • News ID: #23193880
  • URL: https://beamstart.com/news/us-spot-bitcoin-etfs-witness-17295768064638

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