Crypto Blog
According to data from Soso value, Grayscale’s Bitcoin Mini Trust contributed the bulk of the total amount with $14.2 million in net inflows. It is closely followed by Fidelity’s FBTC and Bitwise’s BITB, with $10.7 million and $10 million in inflows, respectively.
Grayscale’s Bitcoin Trust was the only ETF that recorded negative flows, with a total outflows of $9.8 million on August 21. The remaining five Bitcoin ETFs recorded zero flows for the day. While most critics have discredited the popularity of Bitcoin ETFs among institutions, claiming that inflows are fueled by retail investors, Bitwise chief investment officer Matt Houganthe claim. He highlighted that Bitcoin ETFs are seeing unprecedented institutional adoption, even more than any other ETF in history.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Spot Bitcoin ETFs See Unprecedented Institutional Adoption, Set to Break RecordsCrypto Blog
Read more »
Spot Bitcoin ETFs on Track to Pass Satoshi in BTC Held as Flows Flip PositiveCrypto Blog
Read more »
This European Hedge Fund Giant Announces $464 Million Investment in Spot Bitcoin ETFsCrypto Blog
Read more »
BTC Price Retraces to $66K as Spot Bitcoin ETFs Break Inflow Streak (Market Watch)Crypto Blog
Read more »
RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Robert F. Kennedy Jr. doubled down on his support for bitcoin at the BTC 2024 conference in Nashville.
Read more »
Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M OutflowShaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Read more »