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Bitcoin ETF Flow Resumes Amid Investor Optimism

Bitcoin ETF Flow Resumes Amid Investor Optimism

HappyCoinNewsHappyCoinNews2024/11/29 00:22
By:HappyCoinNews

On Wednesday, November 27, there was an influx of funds into US spot bitcoin ETF amounted to $103,9 million. Over the previous two days, more than $561 million was withdrawn from the funds.

According to SoSoValue, the largest amount of funds from investors was received by ETF Bitwise's BITB: The fund saw about $48,05 million in inflows on Wednesday, followed by Fidelity's FBTC with a net inflow of $40,24 million. Grayscale Bitcoin Franklin Templeton's Mini Trust and EZBC raised $11,99 million and $2,81 million, respectively. The other eight bitcoin ETF did not record any inflow of funds that day.

Bitcoin ETF Flow Resumes Amid Investor Optimism image 0

Inflow into spot bitcoin ETF

Total daily trading volume bitcoin ETF reached $4,59 billion.

Capital flows into Bitcoin exchange-traded funds resumed after the flagship kriptovalyuta has started to rise again. Over the past 2,20 hours, BTC has risen more than 95,310% to $56,85. This rally was supported by the liquidation of short positions in Bitcoin worth $XNUMX million over the same period.

The situation with spot Ethereum - ETF even more positive. Funds based on the leading altcoin recorded a fourth day of inflows in a row, with ETH- ETF invested about $90,1 million.

Fidelity's FETH led the way in inflows, receiving nearly $38,01 million from investors. Grayscale Mini followed. Ethereum Trust with $37,29 million. VanEck's ETHV and Bitwise's ETHW raised $13,25 million and $1,56 million, respectively.

Over the past XNUMX hours Ethereum has risen more than 6,10% and is now trading at $3,622.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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