In the trading week from October 14 to October 18, Bitcoin spot ETFs saw remarkable activity. Recent data from SoSoValue indicates an impressive net inflow of $2.13 billion.
The significant inflow was led primarily by BlackRock’s IBIT, underscoring the growing investor interest and confidence in Bitcoin via spot ETFs.
This development highlights the increasing mainstream acceptance and demand for Bitcoin investment mechanisms afforded by ETFs, particularly from prominent financial institutions.
The consistent inflow could impact market dynamics and potentially influence Bitcoin’s price movement positively, showcasing strong institutional support.
