đ Bitcoin ETFs Break Records! đ
- On Oct. 14, spot Bitcoin ETFs in the US saw their biggest single-day inflow in 120 days, with over $500M pouring in.
- Bitcoin's price soared to $67,800, its highest in 3 months.
- Nate Geraci, ETF Store president, called it a landmark day, with nearly $20B in net inflows over 10 months.
- Fidelity Wise Origin Bitcoin Fund led with $239.3M, followed by Bitwise and BlackRock.
- Experts attribute the surge to upcoming US elections, macroeconomic optimism, and increased hedge fund participation.
- Institutional investors are driving the demand, with Bitcoin ETFs outperforming traditional assets like gold.