Bloomberg: Number of new institutional investors with investments in $BTC ETFs for the second quarter of 2024 = 701! 💸
The spot Bitcoin ETFs that debuted in January smashed expectations in terms of flows and assets. The cohort as a whole, including new entrants, has attracted net inflows of $17 billion this year, with IBIT BlackRock swelling to a $20 billion monster. The existence of such ETFs has given ordinary investors an easier way to trade bitcoin.
1,950 funds have invested in US Bitcoin ETFs since launch ⚡
