tl;dr
The analytics account on X social media platform Spotonchain has published a report revealing significant Bitcoin ETF inflows this week, with nearly one billion U.S. dollars going to the ETFs. BlackRock’s IBIT attracted the largest amount of investor funds, totaling $535,582,902. The report also hig...
Spotonchain's report uncovered a significant influx of nearly $1 billion into Bitcoin ETFs for the week, with BlackRock's IBIT leading the way by attracting $535.6 million from investors. This contrasts with Ethereum ETFs, which experienced consecutive outflows while Bitcoin ETFs saw consistent net inflows.
Moreover, a substantial Bitcoin transaction involving 2,999 BTC valued at $252.5 million was recently tracked by Whale Alert, prompting varied reactions within the community.
BlackRock's IBIT alone garnered 6,342.47 BTC worth $535,582,902, contributing to the total $785.6 million flowed into spot Bitcoin ETFs since the beginning of the week. CoinGlass data indicated that on a specific day, IBIT was the only ETF to receive inflows, while others experienced outflows.
Conversely, Ethereum ETFs saw outflows totaling -$102.9 million, further amplifying the disparity between Bitcoin and Ethereum in terms of ETF flows.
Whale Alert's tracking of the $252.5 million Bitcoin transfer from an unidentified wallet to another ignited diverse reactions within the community, with speculations swirling around the purpose and parties involved in the transaction.