💥💥💥 #BitcoinETF💰💰💰 Movements: #BlackRock Gains, Grayscale Loses, #Fidelity and Ark Show Mixed Trends
Bitcoin ETF Market Update: BlackRock Leads, Grayscale Faces Outflows
- As of October 30, Bitcoin ETFs have shown varied performances. Cumulative inflows stand at $24.18 billion, with total net assets reaching $72.46 billion, representing 5.03% of Bitcoin’s market cap at a $72,760 BTC price.
Top Performers
1. BlackRock's IBIT on NASDAQ leads with a $872M daily net inflow, totaling $25.82B in cumulative inflows and $30.86B in assets, despite a slight 0.06% discount.
2. Fidelity’s FBTC on the CBOE recorded $12.57M in daily inflows, reaching $10.57B cumulatively, with net assets at $13.56B.
Grayscale's GBTC Sees Outflows
- Grayscale’s GBTC, listed on the NYSE, faced $20.13B in cumulative outflows with no new daily inflows, but it retains $15.82B in assets, showing continued trading interest.
Additional Highlights
1. Ark Invest’s ARKB: $7.18M in daily inflows, $3.62B in assets.
2. Bitwise’s BITB: $23.89M outflow with $3.06B in assets.
3. VanEck’s HODL: $4.07M inflow, $945.67M in assets.
4. Valkyrie’s BRRR: $6.11M inflow, $659.11M in assets.
Stable ETFs like Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI saw no new inflows but held solid asset values. BlackRock’s IBIT leads, while Fidelity, Ark Invest, and Grayscale sustain strong market interest.
