Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000 - Coincu
BTC $60991.774 0.93%
ETH $2679.782 2.98%
BNB $579.803 1.25%
XRP $0.6 -0.04%
BTC ETH BNB ADA SOL AVAX DOGE LINK TRX
USD EUR GBP JPY AUD CAD CHF CNY
Convert
LIVE UPDATES • Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000 • Grayscale Bitcoin Mini Trust Is Showing Positive Signs • Digital Currency Group Fully Repaid Its Short-term Debt as of June 2024 • Bitcoin Supporter Robert F. Kennedy Jr. Will Now Support Trump Campaign • Tether Law Enforcement Support Boosted With Over $100M Recovered • Kraken SEC Lawsuit Allowed to Continue by Judge • New Coin on the Block Set to Challenge Polygon and Cosmos Supremacy • Double-Digit Gains for AVAX, TON, A New Whitelist Coin Shines • Why Solana’s DeFi Growth and Quant’s Blockchain Connectivity Stand Out • Fed Chair Powell Excites Markets With Latest Rate Cut Signal
News Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000 1 min - Around 2 mins mins to read
Key Points:
Bitcoin ETF inflows hit a record high of $252 million on August 23, marking the seventh consecutive day of positive inflows.
The total net asset value of spot Bitcoin ETFs is $58.4 billion, and the historical cumulative net inflow has reached $17.9 billion.
On August 23, Bitcoin exchange-traded funds participated in the increased interest of investors, as inflows were seen for the seventh day in a row.
Read more: Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak
Bitcoin ETF Inflows Hit Record on August 23
The total Bitcoin ETF inflow yesterday was $252 million, an increase that has not been matched in a single day since July 23.
BlackRock’s IBIT was among the top performers, with $86.8 million to $20.7 billion in total historical inflows. The second in line was the FBTC by Fidelity, which saw $64 million in net inflows and increased its total historical inflows to $9.9 billion.
In contrast, Grayscale’s GBTC saw a net outflow of $35.6 million, further adding to the cumulative historical outflow of $19.7 billion. On the other hand, Grayscale Bitcoin Mini Trust posted a net inflow of $50.8 million for the day and total inflows of $357 million.
Spot Bitcoin ETFs Reach $58.4 Billion in Net Asset Value
As of the latest data, the net asset value for spot Bitcoin ETFs adds up to a total of $58.4 bln, with their market value accounting for 4.65% of the total Bitcoin market value. Historically, the cumulative net inflow has reached $17.9 billion.
The pickup in Bitcoin ETF inflows had been pinned to expectations for rate cuts by the Federal Reserve, economic uncertainty, and geopolitics, alongside new sources of demand. Spot-based Bitcoin ETFs launched in the United States, opening further access to the cryptocurrency between institutional and retail investors. Bitcoin has rallied above the $64,000 mark after a rather volatile August.
Bitcoin Bitcoin ETF Inflow Blackrock BTC Fidelity Grayscale Spot Bitcoin ETF
Author Harold
With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Related Posts
Grant Cardone Net Worth: The New York Times Bestselling Author Morgan Stanley Clients Get Permission to Expand Bitcoin ETF Investments Starting Today Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets CFTC Prediction Market Proposal Now Receiving Fierce Opposition From the Crypto Industry Binance in India Now Approved to Resume Operations New Grayscale MakerDAO Trust Launched to Boost MKR Binance Suspicious Transactions Detected With $2.4 Billion in Crypto Scams Japan’s Metaplanet Bitcoin Investment Gets Boost With $70 Million Stock Rights Offering
Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000
Key Points:
Bitcoin ETF inflows hit a record high of $252 million on August 23, marking the seventh consecutive day of positive inflows.
The total net asset value of spot Bitcoin ETFs is $58.4 billion, and the historical cumulative net inflow has reached $17.9 billion.
On August 23, Bitcoin exchange-traded funds participated in the increased interest of investors, as inflows were seen for the seventh day in a row.
Read more: Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak
Bitcoin ETF Inflows Hit Record on August 23
The total Bitcoin ETF inflow yesterday was $252 million, an increase that has not been matched in a single day since July 23.
BlackRock’s IBIT was among the top performers, with $86.8 million to $20.7 billion in total historical inflows. The second in line was the FBTC by Fidelity, which saw $64 million in net inflows and increased its total historical inflows to $9.9 billion.
In contrast, Grayscale’s GBTC saw a net outflow of $35.6 million, further adding to the cumulative historical outflow of $19.7 billion. On the other hand, Grayscale Bitcoin Mini Trust posted a net inflow of $50.8 million for the day and total inflows of $357 million.
Spot Bitcoin ETFs Reach $58.4 Billion in Net Asset Value
As of the latest data, the net asset value for spot Bitcoin ETFs adds up to a total of $58.4 bln, with their market value accounting for 4.65% of the total Bitcoin market value. Historically, the cumulative net inflow has reached $17.9 billion.
The pickup in Bitcoin ETF inflows had been pinned to expectations for rate cuts by the Federal Reserve, economic uncertainty, and geopolitics, alongside new sources of demand. Spot-based Bitcoin ETFs launched in the United States, opening further access to the cryptocurrency between institutional and retail investors. Bitcoin has rallied above the $64,000 mark after a rather volatile August.
Visited 1 times, 1 visit(s) today
Other Posts
Related Posts
Casino Reviews
- 348 days ago 49 mins
Top Bitcoin Casino Sites In 2024
- 2 hours ago 3 mins
Bitcoin Supporter Robert F. Kennedy Jr. Will Now Support Trump Campaign
- 3 hours ago 3 mins
Kraken SEC Lawsuit Allowed to Continue by Judge
Casino Reviews
- 308 days ago 13 mins
Best Tether Casino Sites With USDT Bonuses 2024
Other Reviews
- 171 days ago 16 mins
Unstable Diffusion Review: AI Tool Creates Unique Realistic Images
Casino Reviews
- 348 days ago 19 mins
Top Bitcoin Gambling Sites In 2024
- 3 hours ago 2 mins
Tether Law Enforcement Support Boosted With Over $100M Recovered
Uncategorized
- 319 days ago 10 mins
Best Bitcoin Blackjack Casinos In 2024
24h 7D 30D Trending
- 1 days ago 2 mins
BTC Whale Dumps $18M – 300 BTC Gone in 30 Minutes!
- 1 days ago 3 mins
Binance Changpeng Zhao Will Be Released From Prison On September 29
- 1 days ago 2 mins
El Salvador Cold Wallet Surges with 5,850 BTC!
- 1 days ago 3 mins
Hex Founder Richard Heart’s Lawsuit Gets SEC Response
- 15 hours ago 3 mins
- 7 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
Press Releases
- 4 days ago 4 mins
2024’s Top Altcoins That Could Turn You into a Millionaire
Airdrop
- 4 days ago 3 mins
Massive Simon’s Cat Airdrop to Pounce on FLOKI Holders via Binance
- 4 days ago 4 mins
Apple and Circle’s Partnership Could Unlock a $15.7 Trillion Opportunity for Ethereum
Crypto Millionaire
- 5 days ago 10 mins
Davinci Jeremie Net Worth: The First To Promote Bitcoin Value
Market
- 19 days ago 3 mins
Bitcoin Price Crashes By 22% Amid Market Turmoil and Seized Assets
- 20 days ago 2 mins
The Strategic Bitcoin Reserve Bill Is Now Officially Announced With Positive Community Response
Press Releases
- 15 days ago 3 mins
Shiba Inu (SHIB) Makes Way For New Cryptocurrency Rival Predicted To 2000x Profits
- 16 days ago 3 mins
Ripple SEC Lawsuit Continues to See a Victory for XRP
- 7 days ago 2 mins
DOGS Airdrop Claim Is Now Available for Users
Latest
view more
- 1 min 2 mins
1 min
24 Aug
Bitcoin ETF Inflows Get a Boost as BTC Price Surpasses $64,000 August 24, 2024
- 1 hours ago 2 mins
1 hours ago
24 Aug
Grayscale Bitcoin Mini Trust Is Showing Positive Signs August 24, 2024
- 2 hours ago 2 mins
2 hours ago
24 Aug
Digital Currency Group Fully Repaid Its Short-term Debt as of June 2024 August 24, 2024
TOP Casino Projects
view more
Press Release
view more
- 4 hours ago 3 mins
4 hours ago
24 Aug
New Coin on the Block Set to Challenge Polygon and Cosmos Supremacy
- 9 hours ago 5 mins
9 hours ago
23 Aug
Double-Digit Gains for AVAX, TON, A New Whitelist Coin Shines
- 13 hours ago 4 mins
13 hours ago
23 Aug
Why Solana’s DeFi Growth and Quant’s Blockchain Connectivity Stand Out
Key Points:
Bitcoin ETF inflows hit a record high of $252 million on August 23, marking the seventh consecutive day of positive inflows.
The total net asset value of spot Bitcoin ETFs is $58.4 billion, and the historical cumulative net inflow has reached $17.9 billion.
On August 23, Bitcoin exchange-traded funds participated in the increased interest of investors, as inflows were seen for the seventh day in a row.
Read more: Spot Bitcoin ETFs Gain $65M in Net Inflows, Extending Streak
Bitcoin ETF Inflows Hit Record on August 23
The total Bitcoin ETF inflow yesterday was $252 million, an increase that has not been matched in a single day since July 23.
BlackRock’s IBIT was among the top performers, with $86.8 million to $20.7 billion in total historical inflows. The second in line was the FBTC by Fidelity, which saw $64 million in net inflows and increased its total historical inflows to $9.9 billion.
In contrast, Grayscale’s GBTC saw a net outflow of $35.6 million, further adding to the cumulative historical outflow of $19.7 billion. On the other hand, Grayscale Bitcoin Mini Trust posted a net inflow of $50.8 million for the day and total inflows of $357 million.
Spot Bitcoin ETFs Reach $58.4 Billion in Net Asset Value
As of the latest data, the net asset value for spot Bitcoin ETFs adds up to a total of $58.4 bln, with their market value accounting for 4.65% of the total Bitcoin market value. Historically, the cumulative net inflow has reached $17.9 billion.
The pickup in Bitcoin ETF inflows had been pinned to expectations for rate cuts by the Federal Reserve, economic uncertainty, and geopolitics, alongside new sources of demand. Spot-based Bitcoin ETFs launched in the United States, opening further access to the cryptocurrency between institutional and retail investors. Bitcoin has rallied above the $64,000 mark after a rather volatile August.
Visited 1 times, 1 visit(s) today