Weekly U.S. Bitcoin ETFs Net Flow Analysis

The weekly net flow of U.S. Bitcoin ETFs for the period spanning October 21 to October 25, 2024, shows significant positive inflows across several prominent funds, indicating strong market activity. BlackRock’s Bitcoin ETF (Ticker: IBIT) recorded the highest increase, gaining 13,766 BTC, which highlights its robust market position. Similarly, Grayscale’s Bitcoin ETF (Ticker: GBTC) and Fidelity’s Bitcoin ETF (Ticker: FBTC) saw healthy increases of 549 BTC and 480 BTC, respectively.

Bitwise’s Bitcoin ETF (Ticker: BITB) and Invesco Galaxy’s Bitcoin ETF (Ticker: BTCO) also experienced positive movements, adding 251 BTC and 544 BTC, respectively. VanEck’s Bitcoin ETF (Ticker: HODL) further contributed with an increase of 198 BTC.

However, ARK’s Bitcoin ETF (Ticker: ARKB) bucked the trend with a substantial outflow of 1,992 BTC, indicating some shifts in investor sentiment or portfolio adjustments within that fund.

Overall, the total Bitcoin holdings for these ETFs rose to 967,330 BTC, marking a net weekly inflow of 13,866 BTC, valued at approximately $940.7 million. This robust influx reflects strong investor interest and confidence in the cryptocurrency market through ETF instruments during the week.

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

94.8K Reads