Institutional appetite for Bitcoin is heating back up. According to a recent report by Cointelegraph, US-based spot Bitcoin ETFs saw a massive $527 million in net inflows on October 20—the largest single-day surge since September.
BlackRock’s IBIT dominated the momentum, pulling in $665.2 million, which successfully balanced out outflows from Fidelity and Grayscale. As major players continue to adjust their positions, it’s clear that institutional confidence remains a driving force in the market.
Source: https://cointelegraph.com/markets/bitcoin-etfs-527m-inflows-biggest-since-september?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Do you think these institutional inflows will sustain a new price breakout for Bitcoin heading into the end of the year?
BlackRock’s IBIT dominated the momentum, pulling in $665.2 million, which successfully balanced out outflows from Fidelity and Grayscale. As major players continue to adjust their positions, it’s clear that institutional confidence remains a driving force in the market.
Source: https://cointelegraph.com/markets/bitcoin-etfs-527m-inflows-biggest-since-september?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Do you think these institutional inflows will sustain a new price breakout for Bitcoin heading into the end of the year?