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Bitcoin ETFs Attract $21 Billion Net Inflows Amid $2 Billion Weekly Surge

Bitcoin ETFs hit a new record with $21 billion in net inflows. Weekly purchases exceeded $2 billion. This shows increasing investor confidence in Bitcoin-backed funds.

The cryptocurrency world is buzzing because Bitcoin ETFs are attracting a lot of investments. Last week, Bitcoin ETF hit a big milestone of $21 billion in total net inflows. This shows that more investors are trusting Bitcoin ETF. Inflows for the week even went over $2 billion. Major players like ARKB and IBIT are leading this growth, which could influence the future of Bitcoin investments.

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Bitcoin ETFs Attract $21 Billion Net Inflows Amid $2 Billion Weekly Surge 4

Bitcoin ETFs Hit New Heights: Weekly Inflows Surpass $2 Billion

Bitcoin ETF finished the week without any negative flows for the first time ever. This is an important change. Inflows topped $2 billion in just one week. It shows that more people want to invest in Bitcoin through regulated financial products.

US-based spot Bitcoin ETF, like ARKB from ARK Invest and IBIT from BlackRock, played a big role in attracting inflows, according to Farside Investors. These two funds were responsible for a large part of the weekly gains. ARKB gained nearly $110 million, while IBIT added over $70 million just on Friday.

Key Takeaways:

Bitcoin ETFs reached $21 billion in net inflows, a record high.

ARKB and IBIT led the charge, each logging significant inflows.

For the first time in history, Bitcoin ETFs ended the week with no negative flows.

Grayscale’s GBTC reversed its historical trend of outflows, adding over $91 million.

More investors are showing interest in spot Bitcoin ETF. These funds let investors gain exposure to Bitcoin without actually owning the cryptocurrency.

US-Based Spot Bitcoin ETFs Hit $21 Billion Milestone

On Friday, spot Bitcoin ETFs hit a new record. They reached a cumulative total of $21 billion in net inflows. This increase shows a strong demand for financial products related to Bitcoin. ARKB from ARK Invest was the top performer, attracting nearly $110 million in purchases on Thursday and Friday. BlackRock’s IBIT also did well, bringing in $70 million in net inflows on Friday.

Along with ARKB and IBIT, other major Bitcoin ETFs like VanEck’s HODL, Bitwise’s BITB, Fidelity’s FBTC, and Invesco’s BTCO also did well. Their strong performance shows that Bitcoin ETFs are becoming a popular choice for investors interested in the cryptocurrency market.

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Bitcoin ETFs Attract $21 Billion Net Inflows Amid $2 Billion Weekly Surge 5

Top Performers of the Week

ARKB (ARK Invest): With inflows surpassing $100 million on both Thursday and Friday, ARKB was the top-performing Bitcoin ETF.

IBIT (BlackRock): Contributing half of the group’s total inflows, IBIT has solidified its position as the leading Bitcoin ETF worldwide, with cumulative net inflows reaching $23 billion as of October 18.

This week is a big milestone for Bitcoin ETFs because it is the first time they did not have any negative inflows. Even Grayscale’s GBTC, which usually sees outflows, saw over $91 million in net inflows this week, showing a positive change.

Bitcoin ETF Options to Deepen Liquidity and Attract More Investors

The momentum for Bitcoin ETFs received an additional boost when the US Securities and Exchange Commission (SEC) approved proposals from both the NYSE and CBOE to list options for spot Bitcoin ETFs. Options trading for Bitcoin ETFs might start soon. Experts think this will make it easier to buy and sell these ETFs. This could attract more investors, especially big companies.

Nate Geraci, president of the ETF Store, explained the potential impact of this development in a recent episode of Thinking Crypto. According to Geraci, options trading on Bitcoin ETFs will deepen liquidity, attract more institutional investors, and bolster the overall ecosystem. He noted, “In terms of the potential impact here, I think that options trading on spot Bitcoin ETFs is decidedly good. Because all options trading is going to do is deepen the liquidity around spot Bitcoin ETFs.”

Geraci pointed out that institutional investors often need advanced strategies to manage risk. Options trading on Bitcoin ETF can help them do this. Since Bitcoin prices can change rapidly, options allow these investors to control their exposure better.

Retail investors will benefit too. As options trading starts, more people will join the market. This will create a more lively and stronger market for Bitcoin ETF.

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Bitcoin ETFs Attract $21 Billion Net Inflows Amid $2 Billion Weekly Surge 6

The Road Ahead for Bitcoin ETFs

Bitcoin ETFs are attracting a lot of investments, which bodes well for their future. Increased inflows and new options for trading are helping. More interest from big and small investors will likely drive further growth in the Bitcoin ETF market.

With the SEC’s approval of options trading on spot Bitcoin ETF, the stage is set for even deeper liquidity, which could make these funds more resilient in times of market volatility. The $21 billion in net inflows shows that Bitcoin ETFs are becoming more popular. It also shows that financial markets are getting more comfortable with Bitcoin. People are starting to see Bitcoin as a real investment option.

The rise in Bitcoin ETF inflows to a record $21 billion shows that more investors trust Bitcoin-backed funds. This week of positive flows and the SEC’s approval for options trading point to a bright future for Bitcoin ETFs. They are becoming a strong option for anyone wanting to invest in the cryptocurrency market.

Also Read: BlackRock Bitcoin ETFs Massive Inflows Of $470M, Led By IBIT

Disclaimer

The content presented here may express the author’s personal opinions and is subject to change based on market conditions. It is crucial to conduct your own market research before investing in any cryptocurrency. Neither the author nor this publication assumes any responsibility for any financial losses you may incur.