Bitcoin ETF experiences a significant plunge in inflows!

Ritu77

Investing.com - According to preliminary statistics from JPMorgan, the inflow of funds into Bitcoin spot ETFs has sharply decreased to approximately $200 million for the second consecutive trading day, a significant drop from the initial day's substantial $629 million.

Currently, the total assets under management for Bitcoin spot ETFs amount to a high of $27.9 billion. Among them, ETF products from BlackRock and Fidelity have particularly stood out in the early days of listing, attracting nearly $500 million and $423 million in the first two days, respectively. On the first trading day alone, the trading volume for Bitcoin spot ETFs reached an impressive $4.6 billion. Grayscale, BlackRock, and Fidelity are the three most active companies in this regard.

Iravan774

A significant plunge is also quite normal.

977Iti

There's always a limit to how much it can attract funds.

Samiksha

The reason for this substantial plunge is unclear.