Inflow of money into ETFs
Spot exchange-traded funds for Bitcoin were initially highly anticipated by everyone, and based on these expectations, the value of the first cryptocurrency by capitalization grew. Then the approval by American officials and the launch happened. And, in fact, the correction lasted a month. But now there is a new round of activity: almost every day more and more new cash flows are pouring into ETFs.
In the week that began February 26, daily cash inflows into spot Bitcoin ETFs have already exceeded $500 million. According to the cryptocurrency trading platform Bitmex Research, on Monday the figure was $520 million, and on Tuesday it was even higher - $577 million.
The most successful is BlackRock's exchange-traded fund called the iShares Bitcoin ETF (IBIT). On February 27, the influx of funds into it alone amounted to $520 million, which became a record. IBIT's intraday trading volume reached $1.3 billion, which is comparable to the largest US companies by capitalization.#Bitcoin #доллары
