SPOT BITCOIN ETFS BREAK HISTORICAL RECORD: REACHED $66.1 BILLION ASSET VALUEđ
The 12 Spot Bitcoin ETFs in the US have reached a historical record after six consecutive days of net fund inflows. The total value of these funds exceeded $66.1 billion, surpassing the record of $62.6 billion set in June. BlackRockâs IBIT fund was the ETF with the biggest increase during this period, increasing its assets by more than $3 billion. The Bitcoin price has increased by about 12% since mid-October, rising above $68,000, pushing the value of ETFs higher. Compared to the end of September, the total asset value of ETFs increased by $11 billion, and these funds hold 4.89% of the total Bitcoin market value.
In this process, ETFs have had one of their best fund inflow weeks, and investor interest is increasing. New inflows worth $2.1 billion were provided in this week alone, making it one of the biggest weeks of 2024.
As a result, this interest in Spot Bitcoin ETFs shows that Bitcoin is increasingly accepted among institutional investors and is leading the market dynamics.
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNEDâŒïž Be sure to do your own researchâïž
Sources:
âą Cointelegraph, âUS Bitcoin ETFs See Record $17B in Net Inflowsâ
âą The Block, âSpot Bitcoin ETF News and Live Updatesâ
