Bitcoin Funds Attract Over $920 Million in Inflows This Week

Reports released today indicate that Bitcoin exchange-traded funds (ETFs) in the United States have achieved exceptional success, attracting over $920 million in net inflows this week.

According to data from SoSoValue, Bitcoin funds recorded net inflows of approximately $371.02 million on October 15. Since last Friday, total net inflows for Bitcoin ETFs have surpassed $1.1 billion, highlighting a significant surge in demand.

The IBIT fund managed by BlackRock led the way with approximately $288.84 million in inflows, bringing its total cumulative inflows to about $22.07 billion. The Bitcoin fund FBTC, managed by Fidelity, saw net inflows of $35.03 million, while the ARKB fund followed closely with inflows of $14.68 million.

Additionally, the Grayscale Bitcoin Mini Trust reported inflows of $13.36 million, while the GBTC fund managed by Grayscale experienced inflows of $7.99 million.

In a related development, the HODL fund managed by VanEck garnered inflows of $7.56 million. Conversely, the BTCW fund managed by WisdomTree attracted approximately $2.84 million, and the BITB fund recorded only $727,820 in net inflows.

This surge in inflows reflects the growing interest in Bitcoin and the cryptocurrency market, reinforcing the potential for future growth in this sector.

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