Crypto community stunned by recent performance of Bitcoin ETFs
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Interestingly, BlackRock’s IBIT defied all the odds and continued its trend of garnering significant investor interest and confidence. While its counterparts struggled to get any inflows, the BlackRock Bitcoin ETF witnessed an inflow of a whopping $135 million during the same period.
As of Oct. 4, the total daily net inflow of Bitcoin Spot ETFs stands at $25.59 million, and the total value traded is around $1.19 billion. Despite recent outflows, the cumulative total net inflow is around $18.5 billion, showing the significant growth of these investment products in the broader outlook.Meanwhile, the total net assets stand around $57.73 billion, which is about 4.68% of the entire Bitcoin market cap.
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