Economic news

Spot Bitcoin ETFs End Outflows, Raise $240 Million

Big players have started believing again , thanks to which spot BTC-ETF broke a six-day period of outflow and raised $240 million on Thursday.

According to SoSoValue, BlackRock’s IBIT saw the largest inflow of funds on Thursday, November 6, with $112,4 million. Fidelity’s FBTC followed with $61,6 million, while ARKB Ark & 21Shares raised $60,4 million, BITB received $5,5 million from Bitwise.

Yesterday, spot trading volume amounted to $4,77 billion compared to $4,07 billion the day before.

The influx of funds ended a six-day streak of outflows that saw ETF A total of $2,05 billion was withdrawn.

At the same time, American spot эфириум-ETF Yesterday, they recorded a net inflow of $12,5 million, which also ended six consecutive days of outflows.

In the last 24 hours Bitcoin fell 1,32% to $101,919, down about 7% over the past week. Efirium fell 1,2% to $3345.

According to analysts at JPMorgan Bank, the flagship kriptovalyuta could rise to approximately $170,000 over the next 6-12 months. Experts compared its price to gold, adjusted for volatility.

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