Introduction
On December 16, Bitcoin spot ETFs saw a net inflow of $637 million. This marked the 13th day in a row that more money flowed into these funds. The steady inflows show that more people and companies are gaining trust in BTC. At the same time, BTC’s price has hit new highs.
BlackRock Leads with Record Inflows
The fund with the biggest inflow was BlackRock’s IBIT. It saw $418 million added in a single day. This was the largest one-day inflow so far. In total, BlackRock’s IBIT has gathered $36.3 billion in net inflows. It is clear that BlackRock’s fund leads the way. Next on the list was Fidelity’s FBTC. It saw an inflow of $116 million on the same day. The total net inflow for FBTC is now $12.4 billion. Another key player was Grayscale’s GBTC. It added $17.65 million to its total. Other funds also performed well. These included Bitwise’s BITB and Ark’s ARKB. Together, these funds show how many big investors are now involved.
SOURCE: SOSOVALUE.COM Bitcoin’s Price Hits a New High
At the same time as these gains, BTCs price set a new record. On December 16, it reached nearly $107,000, the highest price BTC has ever seen. Several factors helped push the price up. One big factor was the support from President-elect Donald Trump. He has spoken in favor of BTC and other cryptocurrencies. Trump has also shared plans to create a BTC reserve for the U.S. This plan has added to investor trust and excitement. People see it as a sign of government support for Bitcoin.
Total ETF Value Shows Strong Growth
The total net asset value of all BTC spot ETFs is now $120.7 billion. This means Bitcoin ETFs now hold 5.76% of the total value of all BTC in the market. This shows how much influence these funds are starting to have.
Bitcoin Future.. A Price of $250,000?
Experts believe BTC’s price could rise much higher. Some forecasts say Bitcoin might hit $250,000 in the near future. This is because of two main reasons. The first is the steady flow of new money into Bitcoin spot ETFs. The second reason is the support from the government and other laws that help the market. The rise of Bitcoin ETFs shows how much the market has changed. In the past, BTC was not trusted by many large investors. Now, the story is different. More companies and funds are adding Bitcoin to their holdings. This gives BTC more trust and stability.
Conclusion: Bitcoin Bright Future
As ETFs grow, they also help push Bitcoin further into the mainstream. More people see BTC as a real and safe investment option. ETFs make it easier for new investors to enter the market. This brings in even more money. The trend of growing BTC inflows and price gains is likely to continue. Investors are excited about where Bitcoin will go next. With strong support and growing interest, BTC’s future looks very bright.
The post Bitcoin Spot ETF Inflows Reach $637 Million first appeared on The VR Soldier.
