Bitcoin · U.S. · Donald Trump · Bitcoin Magazine
Bitcoin ETFs Add Over $1 billion as Investor Sentiment Turns Bullish
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Investors have been buying up shares in the American Bitcoin funds this week.
Key facts
- Bitcoin exchange-traded funds have taken in over $1 billion in fresh cash over the past three days, helping propel the leading cryptocurrency to nearly $73,000
- On Wednesday, investors bought over $500 million worth of shares in the funds managed by BlackRock, Fidelity, and Grayscale, according to data from Farside Investors
- Bitcoin is currently a little over 40% below its October record of $126,080
- The lion’s share of this week’s investment has been taken in by BlackRock’s iShares Bitcoin Trust, which has received $588.5 million since Monday
Summary
Bitcoin exchange-traded funds have taken in over $1 billion in fresh cash over the past three days, helping propel the leading cryptocurrency to nearly $73,000. On Wednesday, investors bought over $500 million worth of shares in the funds managed by BlackRock, Fidelity, and Grayscale, according to data from Farside Investors. Bitcoin’s price has surged this week, and on Thursday reached $72,659 before dropping slightly. President Trump on Wednesday held a meeting at the White House with crypto executives like Coinbase CEO Brian Armstrong, as well as regulators like Securities and Exchange Commission Chair Paul Atkins.