Bittime - Spot Bitcoin exchange-traded fund (ETF) in the United States again showed positive performance by recording net inflows for the seventh consecutive day on Tuesday.
This increase in investor interest occurs amidst high optimism regarding the possible approval of an Ethereum spot ETF in the near future.
Significant Fund Flow Into Bitcoin Spot ETFs in the Middle
Based on data from various sources, funds worth $305.72 million poured into spot Bitcoin ETFs, indicating high investor interest in this crypto asset.
This comes currently rapidly growing speculation regarding the launch of an Ethereum ETF, which is predicted to drive up the price of Bitcoin and the crypto market as a whole.
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Fund Flow on Latest Spot Bitcoin Products
BlackRock iShares Bitcoin Trust (IBIT) led the day, attracting total inflows of $290 million. Fidelity's Wise Origin Bitcoin fund also contributed positively, recording $26 million in inflows.
On the other hand, the Grayscale Bitcoin Trust recorded no net inflows on Tuesday, resulting in a cumulative net outflow of $18 billion.
Bitwise Bitcoin ETF and VanEck Bitcoin Trust were the only funds to experience outflows, with net losses of $4 million and $6 million, respectively. Other spot Bitcoin ETFs recorded no inflows or outflows today.
Bitcoin Spot ETF Debuts
The debut of a spot Bitcoin ETF on United States exchanges was greeted with great enthusiasm, as evidenced by the total net inflow reaching $13.17 billion.
The resounding success of spot Bitcoin ETFs turned the attention of the crypto world and financial markets to the possible approval of an Ethereum spot ETF.
The United States Securities and Exchange Commission (SEC) reportedly asked exchanges to revise their 19b-4 filings earlier this week, indicating potential approval for the product.
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To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
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Bitcoin Pizza Day: Remembering the Transaction That Changed the Crypto Industry 14 Years Ago!
DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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