CandleFocus Bitcoin ETFs record fifth straight day of inflows as BTC surges past $100K to new ATH
2024-12-05
Author: Content Editor
- U.S. spot Bitcoin exchange-traded funds (ETFs) have seen five consecutive days of inflows.
- The total net inflows over the streak have exceeded $2 billion.
- BlackRock's IBIT ETF attracted the most inflows, followed by Grayscale's Bitcoin Mini Trust, Fidelity's FBTC, and Bitwise's BITB ETF.
- Grayscale's flagship GBTC ETF experienced outflows.
- Total ETF trading volumes surged to $4.71 billion on Dec. 4.
- Bitcoin surpassed $100,000 for the first time, reaching an all-time high of $103,679 on Dec. 5.
- The rally was fueled by signals of support from President-elect Donald Trump, who is expected to create a crypto-friendly regulatory environment.
- Bitcoin's price has surged by around 45% since Trump's election victory on Nov. 5.
- Trump nominated Paul Atkins, a known crypto advocate, as the next chief of the U.S. Securities and Exchange Commission.
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