Daily US Bitcoin ETFs Net Flow Analysis (As of November 07, 2024)

On November 7, 2024, the daily net flow of Bitcoin ETFs in the U.S. showed mixed results, with notable inflows and outflows across various funds. Fidelity’s Bitcoin ETF (Ticker: FBTC) led the day with a significant net inflow, gaining 4,064 BTC. Bitwise’s Bitcoin ETF (Ticker: BITB) and ARK’s Bitcoin ETF (Ticker: ARKB) also reported robust inflows of 1,329 BTC and 1,673 BTC, respectively.

Conversely, BlackRock’s Bitcoin ETF (Ticker: IBIT) experienced the largest outflow, losing 971 BTC. Other funds had minor changes, such as Grayscale’s Bitcoin Trust (Ticker: BTC) and VanEck’s ETF (Ticker: HODL) which saw reductions of 9 BTC and 56 BTC, respectively. Valkyrie’s ETF (Ticker: BRRR) and Invesco Galaxy’s ETF (Ticker: BTCO) saw gains of 142 BTC and 667 BTC, indicating targeted investor interest.

Overall, the aggregated holdings of all listed ETFs amounted to 1,001,115 BTC, with a net inflow of 6,838 BTC, translating to an increase in market value of approximately $519.6 million. This reflects a day of significant capital inflow into the Bitcoin ETF sector, underscoring a buoyant market sentiment among investors.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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