U.S. spot Bitcoin Exchange-Traded Funds (ETFs) experienced a net inflow of $2.22 billion last week, the third largest weekly inflow in the history of Bitcoin ETFs. BlackRock's IBIT accounted for $2.15 billion of this influx, showcasing the asset management firm's significant role in the Bitcoin ETF space. The growing investor appetite for regulated crypto investment products, as well as the increasing acceptance of Bitcoin in mainstream finance, is driving this surge. The substantial inflows enhance liquidity in the cryptocurrency market and suggest a rise in institutional participation. While ETFs themselves do not directly impact Bitcoin's price, increased demand from ETF investments can put upward pressure on Bitcoin prices. This trend is expected to continue as more investors seek exposure to Bitcoin through regulated channels.
- Content Editor ( bitcoinworld.co.in )
- 2024-11-04
U.S. Spot Bitcoin ETFs Saw $2.22B Worth of Total Net Inflows Last Week