Bitcoin · Bloomberg · U.S. Treasury · Bitcoin Magazine
Bitcoin ETFs Extend Winning Streak With Nearly $3 billion in Inflows
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Over six days, investors have spent $2.8 billion buying shares in bitcoin exchange-traded funds.
Key facts
- On Monday alone, investors bought nearly $1 billion in shares, the most since October 6, when the funds received over $1.2 billion and the price of the leading cryptocurrency hit a new all-time high
- Still, Bitcoin’s price on Friday is only up modestly: it recently stood at nearly $83,975 after reaching as high as $87,330 on Monday
- The funds, managed by the likes of BlackRock, Fidelity, and Morgan Stanley, have received over $2.8 billion in new investment since September 17, according to Farside Investors data
- Bitcoin notched a record of $126,080 in October of last year but then began to sink later that month after the biggest liquidation event in crypto history saw over $19 billion in bets closed
Summary
Bitcoin exchange-traded funds are on a winning streak, with investors buying for six consecutive days. The funds, managed by the likes of BlackRock, Fidelity, and Morgan Stanley, have received over $2.8 billion in new investment since September 17, according to Farside Investors data. On Monday alone, investors bought nearly $1 billion in shares, the most since October 6, when the funds received over $1.2 billion and the price of the leading cryptocurrency hit a new all-time high of $126,080. Still, Bitcoin’s price on Friday is only up modestly: it recently stood at nearly $83,975 after reaching as high as $87,330 on Monday.