Inflows to Bitcoin ETFs accelerated: $1.6 billion in 4 days

The rise in Bitcoin also reflected positively on spot ETF products. While there was a net inflow of $458 million to Bitcoin spot ETFs on yesterday’s trading day, the total of the last 4 days exceeded $1.6 billion.

Inflows to Bitcoin ETFs accelerated: $1.6 billion in 4 days

The impression that Donald Trump will win the US elections continues to benefit Bitcoin. The largest cryptocurrency, which exceeded $67,000 for the first time in 2.5 months the previous day, rose above $68,000 yesterday, also for the first time in 2.5 months.

Interest in ETFs is growing

The rise of Bitcoin seems to have significantly increased interest in the spot ETFs of the largest cryptocurrency. From Friday until yesterday (US markets have not yet opened today), the net money entering ETFs was $1.637 billion. Only yesterday, a net inflow of $458 million was seen.

The most invested fund of yesterday’s trading day was BlackRock’s ETF. IBIT surpassed rival firms with $393 million. In second place was Fidelity with $14.8 million and Bitwise in third place with $12.9 million.

Franklin Templeton ($11.7 million) and Invesco ($6.4 million) also saw the highest investments of the last period.

Ether spot ETFs also received one of the highest investments of recent days and saw a net inflow of $24 million.

Bitcoin is trading around $67,470 at the time of writing.

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