GBTC - Bitcoin Spot ETFs Net $31.6M Inflows As Hong Kong Readies For ETF Launches | Benzinga
The demand for Bitcoin spot exchange-traded funds (ETFs) continues to rebound, with significant inflows recorded on Tuesday.
What Happened: This trend coincides with news that Hong Kong is poised to launch its own Bitcoin ETFs, potentially becoming a major player in the digital asset space.
According to data from SoSoValue, the net inflow into Bitcoin spot ETFs totaled $31.6354 million.
Notably, BlackRock‘s iShares Bitcoin Trust (NASDAQ:IBIT) led with a net inflow of $37.9233 million, boosting its total historical net inflow to an impressive $15.479 billion. Ark’s ETF ARKB (BATS: ARKB) and Bitwise’s Bitcoin ETF (BATS:BITB) netted inflows of $33.28 million and $23.23 million, respectively.
In contrast, Grayscale‘s GBTC (OTC:GBTC) experienced a notable outflow, with a net decrease of $66.8838 million in a single ...