Benzinga - Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) on Tuesday experienced mixed net inflows, with the overall net inflow sitting at $39.47 million.
What Happened: According to data from SoSoValue, individual funds saw significant variations. Grayscale Bitcoin Trust (OTC:GBTC) continued to grapple with net outflows.
The report highlighted a single-day outflow of $81.86 million for Grayscale Bitcoin Trust, pushing its total historical net outflow to a staggering $15.515 billion.
This trend could be attributed to Grayscale Bitcoin Trust higher fees compared to recently launched spot ETFs.
On the other hand, BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) emerged as the clear winner yesterday with a net inflow of roughly $150 million.
This significant inflow suggests growing investor confidence in physically-backed Bitcoin ETFs.
However, not all spot ETFs enjoyed positive inflows.
The Ark Invest & 21Shares Bitcoin ETF (BATS:ARKB) witnessed a net outflow of $87.49 million, marking its second consecutive day of outflows.
This could be due to a number of factors, such as the fund’s specific investment strategy or recent market volatility.
Also Read: Is Bitcoin Getting Its Own Emoji? Major Crypto Push Aims For 50,000 Endorsements
Looking Ahead: Navigating The Evolving Bitcoin ETF Landscape With the Bitcoin market constantly evolving and new ETF options emerging, staying informed becomes crucial for investors.
The upcoming Benzinga’s Future of Digital Assets conference, scheduled for Nov. 19, presents a valuable opportunity to gain insights from industry leaders.
This conference will delve into the latest trends in Bitcoin ETFs, offering expert analysis and guidance for navigating the complexities of the industry.
Read Next: Bitcoin’s 5.6% Price Slide Takes It Below $66K… Except In This One Country
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