COINOTAG reported on October 30 that, according to SoSoValue data, the total net asset value of Bitcoin spot ETFs reached a significant US$72.545 billion. This milestone is noteworthy as the ETF net asset ratio, which measures the market value relative to the entire market capitalization of Bitcoin, has surpassed 5% for the first time, currently standing at 5.07%. Additionally, on October 29, Bitcoin spot ETFs experienced a net inflow of US$870 million, marking the third-largest single-day influx in history. Historically, the highest recorded inflow occurred on March 12, amounting to US$1.05 billion, while the second-highest was noted on June 4 with US$887 million. These trends indicate growing investor confidence in the Bitcoin ETF market, further solidifying its position in the financial landscape.
Source: https://en.coinotag.com/breakingnews/bitcoin-spot-etfs-hit-historic-72-5-billion-in-net-asset-value-with-record-inflows/