Weekly U.S. Bitcoin ETFs Net Flow Analysis

The weekly net flow of U.S. Bitcoin ETFs from October 14 to October 18, 2024, demonstrated significant inflows, particularly for BlackRock’s Bitcoin ETF (Ticker: IBIT), which led the pack with a massive net inflow of 15,951 BTC. Fidelity’s Bitcoin ETF (Ticker: FBTC) followed, adding 6,403 BTC, while ARK’s Bitcoin ETF (Ticker: ARKB) also posted a solid inflow of 4,484 BTC.

On the other hand, Grayscale’s GBTC saw a slight outflow of 32 BTC, showing some investor pullback. However, other funds like Bitwise (Ticker: BITB) and VanEck (Ticker: HODL) recorded positive movements, with inflows of 1,721 BTC and 594 BTC, respectively. Valkyrie (Ticker: BRRR) and Invesco Galaxy (Ticker: BTCO) also saw modest gains.

In total, the cumulative Bitcoin holdings across all listed ETFs reached 953,464 BTC, valued at approximately $65.3 billion. The weekly net inflow amounted to 30,946 BTC, equivalent to $2.12 billion, reflecting strong investor sentiment and growing confidence in the Bitcoin ETF market throughout 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

100.6K Reads