0%
#Bitcoin#Cryptocurrency#Bitcoins Spot ETF+2 更多标签

Bitcoin ETFs See $870M in Inflows as BTC Nears All-Time Highs

2024年10月30日 2分读完
新闻文章的横幅图片

U.S. spot bitcoin ETFs experienced a remarkable surge, recording over $870 million in net inflows on Tuesday, coinciding with bitcoin's price approaching its lifetime highs ahead of the upcoming U.S. elections.

BlackRock’s IBIT led the charge with more than $629 million in inflows, according to SoSoValue data. Other notable performers included Fidelity’s FBTC with $133 million, Bitwise’s BITB at $52 million, Grayscale’s mini bitcoin trust (BTC) at $29 million, VanEck’s HODL at $16 million, and Ark’s ARKB at $12 million. Grayscale’s bitcoin trust (GBTC) was the sole ETF to record outflows, totaling $17 million.

Total trading volumes exceeded $4.75 billion, marking the highest level since March, with IBIT alone accounting for $3.3 billion of that total.

Bitcoin Heading to $80k in November?

The uptick in ETF demand aligns with bitcoin's recent price surge, just shy of its all-time high. The market is currently buzzing with pre-election volatility expectations. Analysts predict that bitcoin could target the $80,000 mark in November, with a surge in options bets supporting this forecast.

On Tuesday, BTC saw a 3% increase, extending its weekly gains to 7.7% and contributing to a broader market rally. Bloomberg ETF analyst Eric Balchunas anticipates further inflows in the coming days, driven by investor "FOMO" (Fear Of Missing Out) on trading opportunities.

Balchunas noted, “$IBIT traded $3.3 billion today, the largest figure in six months. This surge often indicates a FOMO frenzy, similar to what we saw with $ARKK in 2020. Given the recent price increases, I expect more significant inflows this week.”

Bottom Line: High inflows into an ETF typically signal investor confidence in the underlying asset. While inflows may not directly affect the asset's value, the resulting buying pressure can lead to price increases due to supply-demand dynamics and heightened trader sentiment.

自动化
您的
交易!

世界级的加密货币自动交易机器人

开始吧
实现交易自动化

热门新闻

How to Set Up and Use Trust Wallet for Binance Smart Chain
#Bitcoin#Bitcoins#Config+2 更多标签

How to Set Up and Use Trust Wallet for Binance Smart Chain

Your Essential Guide To Binance Leveraged Tokens

Your Essential Guide To Binance Leveraged Tokens

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)
#Subscriptions

How to Sell Your Bitcoin Into Cash on Binance (2021 Update)

What is Grid Trading? (A Crypto-Futures Guide)

What is Grid Trading? (A Crypto-Futures Guide)

马上免费使用Cryptohopper进行交易!

免费使用——无需信用卡

开始吧
Cryptohopper appCryptohopper app

免责声明:Cryptohopper并非受监管机构。加密货币的机器人交易存在大量风险,过去的业绩表现并不能预示未来的结果。产品截图中展示的利润仅供参考,可能有所夸大。只有在您具备充足的知识或寻求了专业财务顾问的指导后,才应进行机器人交易。在任何情况下,Cryptohopper均不对任何人或实体因使用我们的软件进行交易而产生的全部或部分损失或损害,或任何直接、间接、特殊、后果性或附带的损害承担责任。请注意,Cryptohopper社交交易平台上的内容由Cryptohopper社区成员生成,并不代表Cryptohopper或其代表的建议或推荐。市场上展示的利润并不能预示未来的结果。使用Cryptohopper的服务即表示您承认并接受加密货币交易的固有风险,并同意免除Cryptohopper因您的任何责任或损失的责任。在使用我们的软件或进行任何交易活动之前,务必审阅并理解我们的服务条款和风险披露政策。请根据您的具体情况咨询法律和金融专业人士,获取个性化的建议。

©2017 - 2024 版权归属于Cryptohopper™ -版权所有。