Bitcoin ETF funds surged to over 20 billion US dollars, has the bull market engine started?

According to the latest data from Farside Investors, from September 30 to October 16, 2024, the flow of funds of Bitcoin spot ETFs of many fund companies was extremely hot. During this period, the total cumulative inflow of funds of Bitcoin spot ETFs has exceeded 20 billion US dollars, which can be regarded as a barometer of market enthusiasm.

As global investors become more and more interested in Bitcoin, does this round of capital frenzy foreshadow a new round of bull market? Institutions continue to increase their investment, and the future trend of Bitcoin is becoming clearer. Investors, it's time to re-examine your positions!

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