Bitcoin Spot ETFs Reach Record Highs in Net Asset Value and Inflows
According to data from SoSoValue, the total net asset value of Bitcoin spot ETFs has reached a record $72.545 billion as of October 30. This milestone marks the first time in history that the ETF net asset ratio, which represents the market value of Bitcoin spot ETFs compared to the total market value of Bitcoin, has surpassed 5%, currently standing at 5.07%.
Furthermore, on October 29 (Eastern Time), Bitcoin spot ETFs experienced their third-highest single-day net inflow, totaling $870 million. This significant influx of funds follows the previous record-high net inflows of $1.05 billion on March 12 and $887 million on June 4, highlighting the growing investor interest in Bitcoin spot ETFs.
These milestones demonstrate the increasing mainstream adoption and acceptance of Bitcoin as an investment asset, with spot ETFs providing investors with a more accessible and regulated means of gaining exposure to the cryptocurrency market.
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