As a researcher with a decade of experience in the financial markets, I must admit that this current surge in Bitcoin ETF inflows and prices is simply breathtaking. The last time I saw such rapid growth was when the dot-com bubble was bursting!
For over two weeks, starting from November 27 and ending on December 12, U.S.-listed Bitcoin ETFs have experienced one of their longest periods of significant investment inflows totaling approximately $4.8 billion.
When Bitcoin’s value reached an all-time high of $100,000 recently, there’s been a surge of interest in Bitcoin Exchange Traded Funds (ETFs). This newfound attention has sparked more trading and as a result, the total assets held by these Bitcoin ETFs have grown from $104.32 billion to $112.55 billion.
As a researcher delving into the data provided by Sosovalue, I discovered that the peak daily inflow during this extended period occurred on December 5, coinciding with the historic breakthrough of Bitcoin’s price surpassing $100,000 for the very first time, with a massive influx of approximately $766.66 million.
The escalating geopolitical stress and Donald Trump’s victory in the presidency have propelled Bitcoin prices to record heights. Since it first appeared in January 2024, Exchange-Traded Funds (ETFs) focused on Bitcoin have significantly contributed to increasing Bitcoin acceptance among conventional investors.
In recent times, BlackRock’s Bitcoin Exchange-Traded Fund (ETF) has amassed more than half a million Bitcoins, making it the most actively traded ETF out of the 11 available. This indicates a growing interest in Bitcoin among investment firms on Wall Street, suggesting its popularity is on the rise.
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2024-12-13 10:44