💥💥Bitcoin is Flowing in a Row: Breaks Record with More Than $3 Billion 💥💥
Last week, Bitcoin spot ETFs saw a record-breaking inflow of capital.
A total of $3.38 billion in net inflows between November 18-22 set a new weekly record. This inflow reinforced the seventh consecutive week of net inflows in Bitcoin spot ETFs.
BlackRock and Fidelity ETFs’ Strong Performance
The bulk of the data came from the industry’s leading Bitcoin spot ETFs. BlackRock’s iShares Bitcoin Trust ETF (IBIT) maintained its leadership in this area, with net inflows of $2.05 billion in just one week. Fidelity's Fidelity Bitcoin ETF (FBTC) product provided a net inflow of $773 million in the same period.
Interest in Bitcoin continues
These strong inflows show that investors' interest in Bitcoin continues to increase. Spot ETFs provide investors with access to Bitcoin without directly purchasing it, while providing the opportunity to participate in the market through regulated financial instruments. The intense demand in recent weeks is considered an important indicator that reflects the interest of institutional investors in Bitcoin.
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