Bitcoin ETFs See Record Influx of $62.09 Million in a Single Day on April 22nd
The cryptocurrency market is buzzing with excitement as the Fidelity Bitcoin Spot ETF (FBTC) takes the lead in capital inflows on April 22, according to the experts at SoSo Value. With a whopping $34.83 million added to its balance sheet, this crypto fund now boasts a staggering $8.18 billion under its management.
ARK Invest and 21 Shares’ revolutionary investment product just secured a whopping $22.56 million! But they’re not the only ones cashing in on the Bitcoin craze – iShares Bitcoin Trust (IBIT) also raked in an impressive $19.65 million.
And let’s not forget about the other Bitcoin ETFs, which collectively received a hefty $20.04 million. According to Bloomberg analyst Eric Balchunas, investors have been flocking to IBIT for a staggering 69 days straight, propelling the fund to the 11th spot for the longest streak of inflows.
An unstoppable tide of assets flooded into IBIT at the start of the week, as renowned economist Alessandro Ottaviani observed. This fund stands proudly among the top 10 investment vehicles, consistently attracting a steady stream of investors for an impressive duration.
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Breaking records and making waves, April 19 was a monumental day for Bitcoin ETFs. The market saw a surge of $59.56 million pouring in, with a whopping $54.77 million added to its already impressive balance sheet. With a total of $8.14 billion now under management, the sector claimed the top spot for volume leader.
IBIT saw a staggering inflow of $29.28 million, while ARK Invest and 21 Shares combined for an additional $12.53 million. It’s clear that the world of cryptocurrency is on the rise, and these ETFs are leading the charge.