Bitcoin ETFs ($BTC ) Surge Into Market, Set New Record
Bitcoin ETFs aren’t about speed, but rather about their steady, efficient trajectory. Their progress has been tumultuous, with surprise exits and spectacular entries. The $20 billion mark in net inflows has just been surpassed, marking a historic record for these crypto trackers. A performance that represents a major turning point for the market.
Bitcoin ETFs: A Historic Breakthrough
Achieving $20 billion in net inflows is one thing, but sustaining it is another. Bitcoin ETFs have achieved this feat in record time, with a whopping $1.5 billion in inflows in a single week.
In comparison, gold-backed ETFs took five years to reach such a level. Total assets of Bitcoin ETFs now top $65 billion, a peak that shows the growing appetite for cryptocurrencies.
Among the major players, BlackRock's IBIT stands out with $22.46 billion in investments. However, Grayscale GBTC is a drag with $20.14 billion in withdrawals, almost halving the gains made.
Even so, the balance remains largely positive, and the $20 billion reached shows that enthusiasm has not waned.
$20 billion: cumulative net inflows of Bitcoin ETFs;
$65 billion: total assets reached; 1.5 billion: contributions in the past week.
