The Bitcoin ETF market has seen remarkable growth, with a $1.4 billion surge in just three days, signaling a positive trend in the recovering crypto market. BlackRock is at the forefront of this growth, driving a significant portion of the market's performance.
On October 16, the Bitcoin ETFs recorded a substantial cumulative net inflow of $459 million. Over the past 193 days, the market has attracted a cumulative net inflow of $20 billion, showcasing investor confidence in Bitcoin ETFs.
Excluding Grayscale's GBTC, the total net cumulative inflow has surged, illustrating the growing interest and investments in Bitcoin ETFs as the broader crypto market rebounds.