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Bitcoin ETF Inflows Near $1B This Week Alone as Investors Double Down

source-logo  cryptonewsland.com 27 October 2024 09:53, UTC
  • Bitcoin ETFs saw nearly $1 billion in inflows this week, marking strong investor interest.
  • Cumulative inflows into Bitcoin ETFs reached $3 billion over the last two weeks.
  • High weekly inflows highlight Bitcoin ETFs’ appeal as a regulated crypto investment option.

ETFs is another type of asset, Bitcoin, that also witnessed a large mobilization of funds in the previous week with $997.6 million of capital.” The trend is increasing with investors adopting Bitcoin ETFs as a less restrained way of participating in the crypto space to minimize regulatory and asset holding hurdles. The weekly flow rate flows after the record previous week cumulative figures that could be estimated at $3 billion for the previous two weeks.

Daily Inflows Reflect Strong Investor Demand

During the week, business started with a strong momentum achieved on Monday when an inflow of $294.3 million emerged. This showed that there was high demand among the users of institutional as well as the retail investors. But on Tuesday, the trend somewhat raved and Bitcoin ETFs reported a net outflow of $79.1 million. According to market analysts; it may have gone down due to profit taking or rebalancing among some investors.

However, the flows, which reached $58.98 million a day earlier, was slightly lower at $55.25 million on Monday but rebounded to $192.4m on Wednesday and $188m on Thursday. Interestingly, Friday was the biggest day with $402 million in buying inflows to Bitcoin ETFs, helping to drive the weekly total even higher.

After last week's surge, #Bitcoin ETFs have seen another great week.

Monday: +$294.3M
Tuesday: -79.1M
Wednesday: +$192.4M
Thursday: +$188M
Friday: +$402M

This comes down to a total net inflow of +$997.6M this week.

That makes for +$3B in inflows in the past two weeks. https://t.co/v5S8ZxKNDE pic.twitter.com/Si8uNJ2fpV

— Daan Crypto Trades (@DaanCrypto) October 26, 2024

The total inflow during the last two weeks clearly shows a drastic change of investor mood regarding Bitcoin ETFs. Although Bitcoin is still fluctuating its average market price, consistent capital coming into the Bitcoin ETFs shows that users are not trading Bitcoin ETFs as short-term trading tools. This sustained interest is also reflected in the bigger picture of the Bitcoin ETF cumulative inflow chart where interest in this product has been increasing since early 2024.

Bitcoin ETFs as a Gateway to Cryptocurrency Markets

The older Bitcoin ETFs can be designed for investors who want to invest in the cryptocurrency but do not want to own a Bitcoin. These funds are thus better containing and of a structure that is more recognizable and better suited for those who are cautious about directly investing in cryptocurrency. Such a trend may indicate more appreciation of cryptocurrency amongst the normal financial markets, this may be followed by introduction of more products depending on the ETF segment.

cryptonewsland.com