• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

What’s the Real Difference for Beginners?

2025-05-24

What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

2025-05-23

What Is a DEX? How DEXs Work and Why They Matter

2025-05-21
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What’s the Real Difference for Beginners?

    2025-05-24

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    2025-05-23

    What Is a DEX? How DEXs Work and Why They Matter

    2025-05-21

    What Is Blockchain? Blockchain Technology Explained for Beginners

    2025-05-21

    A Beginner’s Guide to Blockchain Consensus

    2025-05-16
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»Issuers Set New Record As Weekly Inflows Cross $2.2 Billion
Bitcoin

Issuers Set New Record As Weekly Inflows Cross $2.2 Billion

2024-02-19No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin spot exchange-traded funds have been on-line within the US for less than two months, however their efficiency has far eclipsed another asset class. These ETFs not too long ago hit a brand new milestone, drawing over $2.2 billion in inflows final week alone, shattering the earlier weekly report set on the primary week of buying and selling. It is a significantly noteworthy growth as a result of, as senior Bloomberg analyst Eric Balchunas identified, this influx skyrocketed previous the three,400 plus ETFs accessible within the US, just like the SPLG US and the SPY US. 

Bitcoin ETF Inflows Surge Amid Competitors

Bitcoin ETFs have absolutely captured the curiosity of institutional traders, with buying and selling quantity indicating their interesting nature. Buying and selling quantity statistics reveal these 10 ETFS have been experiencing a substantial amount of exercise since their launch, netting greater than $2.3 billion final week alone to convey the whole influx to $4.926 billion since they went stay. As identified by Eric Balchunas, the numerous influx final week places the ETFs above extra established ETFs in the USA.

The ten bitcoin ETFs netted +$2.3b final week. For context, that’s greater than another ETF (out of three,400) took in. $IBIT alone was #2. This brings whole web to +$5b, which is greater than BlackRock as an entire has taken in. Once more, that is all web GBTC bleed. Throw that out and the… https://t.co/PlxnfQ7ETf pic.twitter.com/04LTixd3Zt

— Eric Balchunas (@EricBalchunas) February 17, 2024

Notably, most of this influx went into BlackRock’s iShares Bitcoin Belief (IBIT), which has outperformed the 9 different Bitcoin ETFs and ETFs of different asset courses. IBIT amassed $1.673 billion in web inflows all through the week, making it the third-largest influx amongst any of the three,500 plus exchange-traded funds. 

See also  Bitcoin Faces A Weekly Double Top; This Needs To Happen

On the shut of final week’s buying and selling session, BlackRock’s IBIT has acquired a $5.2 billion web influx since its launch. Notably, this quantities to 50% of the funding firm’s web influx of $10.4 billion from its 417 ETFs because the starting of the yr. 

It’s vital to notice that these staggering influx numbers have come amidst an ongoing outflow from the Grayscale Bitcoin Belief ETF (GBTC). Whereas outflows from the ETFs have slowed down in comparison with latest weeks, the GBTC witnessed $624 million in outflows throughout the week. “Once more, that is all web GBTC bleed,” Balchunas famous.

BTC Bullish Worth Momentum Set To Proceed

Bitcoin’s worth has skyrocketed over 33% previously 30 days, not too long ago topping $52,000 per coin for the primary time since 2021. Present worth motion exhibits Bitcoin has by some means stabilized round this worth level, with the crypto buying and selling between $52,700 and $50,700 previously 5 days. On the time of writing, Bitcoin is buying and selling at $52,307.

Nevertheless, the worry of lacking out on additional positive aspects is driving many new traders to Bitcoin ETFs. According to an analyst, inflows into these ETFs are on monitor to achieve $150 billion by the top of 2025. With a brand new all-time excessive now wanting believable, Bitcoin is about to proceed on its worth achieve as spot ETF buying and selling commences all through the week.

Bitcoin price chart from Tradingview.com (Spot BTC ETFs)BTC worth continues to rise | Supply: BTCUSD on Tradingview.com

Featured picture from Enterprise In the present day, chart from Tradingview.com

See also  Stablecoin Issuers Circle and Tether Freeze Stablecoins Tied to Multichain Exploit: On-Chain Data

Disclaimer: The article is offered for instructional functions solely. It doesn’t signify the opinions of NewsBTC on whether or not to purchase, promote or maintain any investments and naturally investing carries dangers. You might be suggested to conduct your personal analysis earlier than making any funding selections. Use info offered on this web site totally at your personal threat.



Source link

Billion Cross inflows issuers Record Set weekly
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

FBI reports $9.3 billion in US targeted crypto scams as elderly hit hardest

2025-04-24

Hackers exploit booming crypto market, laundering hits $1.3 billion in 2024

2025-01-13

Pig butchering scams top 2024 crypto fraud with $3.6 billion in losses

2024-12-27

Rising crypto scams lead to $2.3 billion in total losses in 2024

2024-12-23
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Blockchain

From Mobile Networks to Edge Computing

2024-01-23

DePIN tasks on Polygon use blockchain to revolutionize web infrastructure, from linked automobiles to GPS…

Blockchain

Mastercard and Standard Chartered Bank Hong Kong tests tokenised deposits

2024-05-15

Mastercard (NYSE: MA) and Customary Chartered Financial institution Hong Kong (SCBHK) have efficiently accomplished the…

Blockchain

DTCC Successfully Creates Pilot To Send Data To Chainlink

2024-05-17

The Depository Belief and Clearing Company (DTCC) has efficiently accomplished the Sensible NAV pilot, a…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt

2024-05-24

Trader Nets 38,675% Profit on New Dogecoin and Shiba Inu Competitor That’s up 6x in Two Weeks: On-Chain Data

2023-05-04

Ordinals Wallet Airdropped Pixel Pepes NFTs After The PEPE Wave Grows Strong

2023-05-10

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$108,224.00-2.43%
  • ethereumEthereum(ETH)$2,555.73-4.23%
  • tetherTether(USDT)$1.000.03%
  • rippleXRP(XRP)$2.34-3.96%
  • binancecoinBNB(BNB)$671.34-1.85%
  • solanaSolana(SOL)$174.45-6.34%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 108,156.98
ethereum
Ethereum (ETH) $ 2,555.17
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.34
bnb
BNB (BNB) $ 671.37
solana
Solana (SOL) $ 174.34
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.227567
cardano
Cardano (ADA) $ 0.757853
tron
TRON (TRX) $ 0.27235