According to data from Farside Investors, reported on November 3 by COINOTAG, the US Bitcoin spot ETF has experienced a significant surge in investment, accumulating a net inflow of US$2.2202 billion during the week. This remarkable growth is primarily driven by substantial contributions from leading asset management firms. Notably, BlackRock’s IBIT has seen a hefty inflow of US$2.1489 billion, representing a strong vote of confidence in Bitcoin as institutional interest escalates. Additionally, Fidelity’s FBTC has recorded net inflows of US$89.8 million. Such figures underscore the growing trend of institutional adoption and highlight the increasing integration of cryptocurrencies into mainstream financial portfolios. Investors are closely monitoring these developments as the market continues to mature, indicating a robust demand for cryptocurrency investment vehicles.
Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etf-sees-major-inflow-of-2-22-billion-this-week-led-by-blackrock-and-fidelity/