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This week, the net increase in Bitcoin spot ETF holdings was 26,861.87 BTC, with BlackRock's IBIT accounting for 72.3% of it

This week, the net increase in Bitcoin spot ETF holdings was 26,861.87 BTC, with BlackRock's IBIT accounting for 72.3% of it

Bitget2024/11/24 02:59

Deribit's Head of Asia Pacific Business, Lin Chen, posted on X stating that the BTC ETF performed strongly this week, all in a net inflow state, with a total net inflow of 3.335 billion US dollars and a net increase of 26,861.87 BTC.

Among them, BlackRock's IBIT continued to lead the increase, absorbing 19,972.17 BTC in a single week, accounting for 72.3% of the total increase. Except for Grayscale's slight outflows on Thursday and Friday, all other institutions maintained a net inflow. The analysis points out that this week's market sentiment is basically centered around MSTR's related narrative; currently the greed index is at 80 indicating strong purchasing power.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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