Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock’s Leads the Charge

The post Bitcoin ETF Market Sees $1.4B Surge in Three Days, BlackRock’s Leads the Charge appeared first on Coinpedia Fintech News

As the crypto market recovers, the Bitcoin ETF market is performing really well with the cumulative net inflow for the 11 Bitcoin ETFs recording 459 million dollars on October 16. The cumulative net inflow over the past 193 days has hit $20 billion. Apart from the grayscale GBTC, the total net cumulative inflow jumps to $40 billion. In the past three days of trading, the ETFs have brought in nearly 1.4 billion dollars. The biggest Bitcoin ETF in the market, BlackRock’s IBIT, has added 11,331 Bitcoin ETFs worth $762 million, which hits a total of 380,971 Bitcoins worth $25.7 billion. This accounts for almost 33% of all US spot BTC ETF holdings.