Spot Bitcoin ETFs See 4th Straight Day of Inflows, Reaching $20 Billion

The Spot Bitcoin ETF has received $20.26 billion in cumulative inflows since the product launched in the U.S. on 11 January, according to data. In the past four days alone, approximately $1.64 billion has flowed into 11 ETFs from ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex and Franklin Templeton's 11 ETF offerings. Notably, BlackRock, the world's largest asset manager, saw daily inflows of $393.4 million on 16 October, the highest level since 22 July ($526.7 million). Crypto Lord, an anonymous cryptocurrency trader, told his 344,500 X fans that they were ‘not optimistic enough,’ noting that the Bitcoin ETF's surpassing of $20 billion marked ‘the fastest growth in the history of ETFs.