Spot Bitcoin ETFs Experience Significant Inflows
Recent data from Farside shows that spot bitcoin ETFs saw an influx of over $4 billion between December 2 and December 12. This surge in investment was seen across various funds, including BlackRock, Fidelity, Bitwise, Ark, and more. The market witnessed this movement shortly after Bitcoin crossed the $100,000 mark on December 5, indicating continued interest amidst stable price action.
Key Highlights:
- Cumulative totals reached $353.6 million on December 2, with a significant increase to $676 million on December 3.
- Several days during this period saw hundreds of millions flowing into these ETFs.
- Activity slowed on December 11 but picked up again, reaching $597.5 million on December 12.
- The total inflow during this reporting period exceeded $4.4 billion.
Strong Contributions from BlackRock and Fidelity
BlackRock and Fidelity played a crucial role in driving the total inflows, with consistent investments of over $100 million each. This trend indicates a steady demand for bitcoin, especially as the cryptocurrency traded near its all-time high.
Meet the Analyst: Liam ‘Akiba’ Wright
Liam ‘Akiba’ Wright serves as the Editor-in-Chief at CryptoSlate, bringing a wealth of knowledge and experience to the table. As an advocate for decentralized technology, he believes in its power to drive positive change on a global scale.
