European investors have set a new record by investing a significant amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States. This year, Europeans have contributed over $105 billion to spot Bitcoin (BTC) ETFs, reaching an all-time high. The substantial ETF inflows from Europe, as highlighted by senior ETF analyst Eric Balchunas, could potentially drive Bitcoin to new all-time highs. Despite the record European investments, Bitcoin has struggled to surpass the $70,000 mark, last seen in July. Additionally, Bitcoin's hashrate recently hit an all-time high, indicating increased network security and mining costs. US Bitcoin ETFs have also seen significant growth, with total net flows surpassing $20 billion. However, Bitcoin's price has remained stagnant below $69,500, possibly due to delayed effects of ETF inflows impacting spot BTC prices. Overall, Bitcoin ETFs have shown consistent positive inflows, contributing to a 5% daily price increase in Bitcoin. Read more AI-generated news on: https://app.chaingpt.org/news