Weekly U.S. Bitcoin ETFs Net Flow Analysis

The weekly net flow for U.S. Bitcoin ETFs from October 28 to November 01, 2024, demonstrated significant activity across several funds. Notably, BlackRock’s Bitcoin ETF (Ticker: IBIT) led the gains with a substantial inflow of 34,356 BTC, underscoring robust investor interest. Fidelity’s Bitcoin ETF (Ticker: FBTC) also recorded a positive movement, adding 2,425 BTC.

Conversely, Grayscale’s GBTC (Ticker: GBTC) experienced a notable outflow of 405 BTC, and Invesco Galaxy (Ticker: BTCO) saw a similar decline, shedding 405 BTC as well. Meanwhile, Grayscale’s other fund, BTC (Ticker: BTC), had an impressive gain, receiving an inflow of 911 BTC. VanEck’s (Ticker: HODL) and Valkyrie’s (Ticker: BRRR) funds also saw healthy increases of 452 BTC and 87 BTC, respectively.

Overall, the aggregated holdings across these ETFs totaled 1,004,958 BTC, with a combined weekly net inflow of 37,628 BTC, equivalent to a market value increase of approximately $2.57 billion. This reflects a dynamic week with significant capital flows, indicating active trading and varied investor sentiment within the Bitcoin ETF sector.

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

49.9K Reads