Spot Bitcoin ETFs Hit $365M In Inflows As BTC Surges Above $65K For First Time In Two Months

Spot
Bitcoin
ETFs
(exchange-traded
funds)
recorded
over
$365
million
in
inflows
yesterday
as


BTC

surges
above
$65K
today
for
the
first
time
in
two
months.

ARKB
Leads
US
Spot
Bitcoin
ETFs
In
Inflows

Ark
Invest
and
21Shares’
ARKB
registered
the
highest
inflows
yesterday,
with
$113.8
million
entering
its
reserves.
In
second
place
was
BlackRock’s
IBIT
with
$93.4
million
in
net
inflows.

All
of
the
funds,
except
for
BTCW
and
Grayscale’s
GBTC,
recorded
inflows.
BTCW
posted
zero
flows,
while
GBTC
resumed
its
outflow
trend
after
two
consecutive
days
of
no
inflows.

Despite
not
recording
the
largest
inflows
yesterday,
IBIT
maintains
a
commanding
lead
over
the
other
funds.
Since
its
launch
at
the
start
of
the
year,
the
spot


Bitcoin

ETF
has
raked
in
$21.312
billion.

The
fund
with
the
next
biggest
cumulative
inflows
is
Fidelity’s
FBTC
with
$9.862
billion.
Meanwhile,
Grayscale’s
GBTC
has
lost
$20.116
billion
over
the
same
period.

Crypto
Fear
And
Greed
Index
Jumps
11
Points

The
Crypto
Fear
and
Greed
Index
indicates
that
investor
sentiment
turned
positive
over
the
past
24
hours.
Following
a
neutral
score
of
50
yesterday,
the
index
rose
11
points
to
61,
signaling
that
“Greed”
has
returned
to
the
market.

#Crypto
Fear
&
Greed
Index
has
shifted
from “Neutral”
yesterday
to “Greed”
today
as

#Bitcoin
broke
above
$65K.

How
are
you
feeling
about
the
market
today?

pic.twitter.com/UrL9UaJfNp

—
CoinGecko
(@coingecko)

September
27,
2024

The
change
in
investor
sentiment
is
reflected
in
the
crypto
market
cap,
which
rose
more
than
2%
to
over
$2.3
trillion
in
the
past
24
hours,
according
to
CoinMarketCap. 

Related
Articles: