On October 17, 2024, US spot Bitcoin ETFs saw a significant net inflow of $470.55 million, indicating strong interest from investors.

BlackRock’s IBIT Leads with $309.08M Inflow

BlackRock's iShares Bitcoin Trust (IBIT) attracted the largest inflow at $309.08 million. This reflects sustained interest from institutional investors and traders looking to gain from Bitcoin without directly holding the asset. The inflow underscores confidence in ETFs as an investment vehicle.

Significant Inflow into ARK Invest’s ARKB

ARKB from ARK Invest secured the second largest inflow with $100.2 million. Led by Cathie Wood, ARK Invest has been a strong advocate of Bitcoin and cryptocurrencies, making their funds appealing to investors interested in digital assets through innovative investment approaches.

Other Notable Spot ETFs: GBTC, FBTC, EZBC

Among other funds, Grayscale Bitcoin Trust (GBTC) recorded an inflow of $45.7 million. Fidelity’s FBTC added $11.69 million, while Franklin’s EZBC brought in $3.88 million. This indicates stable interest in various fund offerings, signaling diversification among investor portfolios.

The net inflow of $470.55 million into US spot Bitcoin ETFs on October 17 highlights the growing demand for Bitcoin exposure through regulated financial products. These trends emphasize confidence in Bitcoin's future potential and its importance in diversified portfolios.