Bitcoin spot ETFs recorded a $528 million net inflow on October 21, marking the third consecutive day of inflows.

iconKuCoinFlash
Share
This is the logo of the coin.
BTC
$80,950.60-1.08%
AI summary iconSummary
Bitcoin news reports that Bitcoin spot ETFs recorded a $528 million net inflow on October 21, marking the third consecutive day of inflows. BlackRock’s IBIT led with $235 million, followed by Fidelity’s FBTC with $213 million. Total net assets reached $109.31 billion, accounting for 6.42% of Bitcoin’s market cap. Bitcoin analysis shows sustained strong demand in the ETF space.

Odaily Planet Daily reports, according to SoSoValue data, Bitcoin spot ETFs recorded a total net inflow of $528 million yesterday (Eastern Time, October 21).

The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock’s IBIT, with a net inflow of $235 million; IBIT’s total historical net inflow now stands at $66.498 billion.

Second is Fidelity's ETF FBTC, with a single-day net inflow of $213 million; FBTC's total historical net inflow now stands at $10.588 billion.

As of the time of publication, the total net asset value of spot Bitcoin ETFs is $109.309 billion, with an ETF net asset ratio (market capitalization as a percentage of Bitcoin’s total market cap) of 6.42%, and cumulative net inflows since inception reaching $57.956 billion.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.