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Bitcoin Spot ETF Hits Record $274 Million Inflow Over Six Days

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2 hours ago

Bitcoin spot ETF inflows reached $274 million on October 18, highlighting sustained investor interest.

Significance of Bitcoin Spot ETF Inflows

On October 18, Bitcoin spot ETF inflows reached $274 million, continuing a six-day streak of positive net gains. These consistent inflows indicate increasing investor confidence in Bitcoin ETFs and underscore the importance of large funds such as Ark Invest and BlackRock in maintaining market interest.

Leading Role of Ark Invest and BlackRock

Ark Invest and BlackRock led the inflows, with Ark Invest's ARKB adding $110 million and BlackRock's IBIT securing $70.4 million, reinforcing the strong involvement of major financial institutions.

Comparative Analysis with Ethereum ETF

While Bitcoin spot ETFs saw significant inflows, Ethereum spot ETFs attracted a more modest $1.9 million during the same period, emphasizing the growing preference for Bitcoin amidst major fund participation.

The cumulative inflows into Bitcoin Spot ETFs highlight the increasing interest of investors and the commitment of financial institutions to the cryptocurrency market.

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