Spot bitcoin ETFs saw over $4 billion in combined inflows from Dec. 2 to Dec. 12, according to data from Farside. The inflows cover entries into BlackRock, Fidelity, Bitwise, Ark, Invesco, Franklin, Valkyrie, VanEck, WTree, and Grayscale products, spanning across several funds. These entries occurred after Bitcoin surpassed the $100,000 mark on Dec.
5, and continued throughout steady price action. From Dec. 2 to Dec. 12, cumulative totals began at $353.6 million on Dec. 2 and continued with Dec. 3 adding $676 million. Several more days followed with hundreds of millions of dollars in entries each. Activity slowed down to $223.1 million on Dec.
11, but then rose to $597.5 million on Dec. 12. The aggregate total across the reporting period was over $4.4 billion. BlackRock and Fidelity were strong contributors to total flows, with no outflows and consistent inflows over $100 million, indicating steady demand during a period when bitcoin traded near record levels.
Bitcoin ETFs (Source: Farside Investors) Analyst Liam ‘Akiba’ Wright Editor-in-Chief at CryptoSlate Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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<p>The post Bitcoin ETF Flows Surge to Over $4 Billion Post Record High Price; Invesco, Bitwise and Fidelity Drive the Surge first appeared on CoinBuzzFeed.</p>
