Spot Bitcoin ETFs draw $241M in third straight week of inflows
- —BlackRock's IBIT pulled in $450M for the week, lifting its all-time inflows to $65.73B
- —Fidelity's FBTC lost $168M, with cumulative inflows at $10.9B
- —Ark & 21Shares' ARKB added $25.52M, bringing its total to $1.4B
- —Total Bitcoin ETF net assets stand at $108.89B, or 6.42% of BTC market cap
Why it matters: A third straight week of inflows points to a recovery in institutional demand for Bitcoin after September outflows.
Source: PANews