CandleFocus Weekly Bitcoin ETF inflows resume with $2.73b, analysts eye $200k BTC in 2025
2024-12-07
Author: Content Editor
Bitcoin exchange-traded funds (ETFs) experienced positive inflows of $2.73 billion this week as Bitcoin surpassed $100,000. The optimism surrounding the regulatory environment under President-elect Donald Trump, who appointed a pro-crypto SEC chair, is driving this momentum. The highest inflows of $766 million were recorded on December 5 as Bitcoin reached a new all-time high. However, inflows dipped on December 6 as Bitcoin's price dropped. Despite this, U.S. Bitcoin ETFs have accumulated over 1.104 million tokens within a year since their launch. Experts predict that institutional interest in Bitcoin through ETFs will continue to grow and drive global adoption. However, some industry experts warn of potential market corrections and urge caution. Bitcoin is currently trading at $99,580.
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