đ U.S. Bitcoin ETFs Hit Record Highs in October đ
According to BlockBeats, on October 20, twelve U.S. spot Bitcoin ETFs reached their highest total net asset value đ since their January launch, holding over $66.1 billion worth of Bitcoin đ°. This surpasses the previous record of $62.6 billion set in early June.
These ETFs now account for 4.89% of Bitcoin's total market cap, with inflows of over $2.1 billion last week alone, marking their fourth-best week ever đ. Bitcoin's recent price surge, up 12% since October 10 and now exceeding $68,000, has fueled the ETFs' growth đ.
Since October 10, Bitcoin holdings in these funds have jumped by $11 billion, with BlackRock's IBIT leading the way, adding over $3 billion in asset value đž.
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