According to a recent report from COINOTAG dated October 17, significant capital movement was observed in the US Bitcoin ETF market, with a net inflow reaching an impressive US$452.27 million on a single day. The flow indicates increasing investor confidence in cryptocurrency assets amidst evolving market dynamics. Notably, the IBIT ETF attracted the majority of this investment, securing a substantial net inflow of US$390 million. Additional contributions included the FBTC ETF with US$14.81 million and the BITB ETF, which saw an influx of US$12.93 million. This trend underscores a robust interest in digital assets, with investors seeking exposure to Bitcoin through established exchange-traded funds, reflecting a strategic shift in the capital allocation landscape within the cryptocurrency sector.
Source: https://en.coinotag.com/breakingnews/us-bitcoin-etf-sees-massive-452-million-net-inflow-led-by-ibits-390-million-surge/