Bitcoin Dips Below $62,500 As Spot ETFs Book $235M Net Inflows
Posted On October 8, 2024
U.S. spot Bitcoin (CRYPTO: BTC) exchange-traded funds saw significant inflows, totaling $235.19 million on Monday, bucking the trend of net outflows in the previous week.
What Happened: According to The Block, Fidelity‘s (BATS:FBTC) led the charge with $103.68 million in inflows. BlackRock‘s (NASDAQ:IBIT) the largest spot bitcoin ETF by net assets, followed closely with $97.88 million.
Bitwise‘s (BATS:BITB) reported $13.09 million in inflows, while Ark and 21Shares‘ (BATS:ARKB) saw $12.63 million.
VanEck‘s (BATS:HODL) and Invesco‘s (BATS:BTCO) recorded inflows of $5.37 million and $2.53 million, respectively. …
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