✉news BusinessCrypto first seen 1 d ago, last 1 d ago, peak #21
US Spot Bitcoin ETFs Take In $176 Million in a Day
Original: U.S. Spot Bitcoin ETFs Took In $176.0 Million on October 27 as IBIT and FBTC Drew All the Flows
U.S. spot Bitcoin exchange-traded funds recorded $176.0 million in net inflows on October 27, with all of the money going to just two products: BlackRock's IBIT and Fidelity's FBTC. The concentration suggests investors continued favoring the largest, most liquid funds, while competing ETFs saw no new money that day.
Why now: Large single-day inflows concentrated in the two dominant Bitcoin ETFs signal sustained institutional demand for crypto exposure.
IBITFBTCBlackRockFidelityU.S. spot Bitcoin ETFs
Evidence
- U.S. Spot Bitcoin ETFs Took In $176.0 Million on October 27 as IBIT and FBTC Drew All the Flows · HedgeCo.Net
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