On October 29, 2024, the U.S. Bitcoin ETF market exhibited a strong performance with notable net inflows. BlackRock’s Bitcoin ETF (Ticker: IBIT) continued to attract significant interest, leading with an impressive inflow of 4,528 BTC. This trend underscores BlackRock’s strong foothold in the market as a leading choice for Bitcoin investors.

Fidelity’s Bitcoin ETF (Ticker: FBTC) also saw substantial gains, adding 634 BTC, while ARK’s Bitcoin ETF (Ticker: ARKB) experienced a healthy increase of 859 BTC. These inflows highlight continued investor confidence in diversified Bitcoin investment strategies.

Additionally, Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) had a robust day, with an inflow of 394 BTC. Other funds like Bitwise (Ticker: BITB) and VanEck (Ticker: HODL) saw increases of 556 BTC and 169 BTC, respectively, further signaling strong investor interest. Only Grayscale’s GBTC observed a minor outflow of 27 BTC.

The total holdings across all ETFs reached 979,777 BTC, with a net increase of 7,201 BTC for the day, valued at approximately $522.5 million. This substantial influx of capital indicates a vibrant day in the Bitcoin ETF market, showcasing the dynamic and growing interest in Bitcoin as an investment asset through ETFs.

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.

Join CryptoCrunchApp on Telegram Channels – Click to Join