BTC Spot ETF, 8 Days Consecutive Net Inflow… BlackRock IBIT $430 Million ‘Overwhelming’

Funds have been flowing into the US Bitcoin Spot ETF market for eight consecutive trading days, sustaining a strong buying trend. On the 23rd (local time), according to TraderT, the total net inflow into Bitcoin Spot ETFs was recorded at $212 million (approximately 290 billion won) on this day.

In particular, $431 million was directed solely into BlackRock's IBIT, leading the total influx. VanEck's HODL ETF also recorded a net inflow of $17.72 million.

On the other hand, some ETFs saw outflows. $89.17 million flowed out of Grayscale's GBTC, $73.89 million from ArkInvest's ARKB, and $73.69 million from Fidelity's FBTC, respectively. There was no significant fund movement in other ETFs.