Bitcoin ETF Adds Over $2.7 Billion This Week!

Bitcoin ETF Adds Over $2.7 Billion This Week!

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  • Dec 07, 2024 07:26 UTC
  • Less than a minute
Whales Accumulate Bitcoin Amid Price Drops; Spot ETF Inflows Surge

The BTC ETF records a strong positive inflow this week. Reportedly, between 02nd December and 06th December, the Bitcoin ETF has experienced a positive flow for all five days. Notably, 9 out of 11 ETFs recorded a weekly positive flow. BlackRock’s “IBIT” led the run with an inflow of $2,630.8 million, followed by Fidelity’s “FBTC” with $262.3 million. However, Grayscale’s “BTC” lost $303.5 million and Ark’s “ARKB” dropped $39.1 million. Following this, the total flow for the week concluded at +$2,729.7 million.

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