Bitcoin ETFs Hit Record High as Institutional Demand Surges
- Bitcoin ETFs attracted a record $998.95 million on Monday, led by Blackrock’s IBIT.
- Combined ETF inflows for bitcoin and ether reached $1.27 billion.
- Morgan Stanley’s MSBT saw $61.67 million in inflows, while Bitwise’s BITB added $21.56 million.
- Daily trading value hit $4.57 billion, with net assets increasing by over $8 billion to $110.14 billion.
- Ether ETFs recorded a strong session with a $270 million inflow across eight funds.
- Solana ETFs saw net inflows of $26.10 million, indicating broad institutional interest in altcoins.
Institutional demand for cryptocurrency surged as bitcoin’s price exceeded $86,000, leading to significant inflows into Bitcoin and Ether ETFs on Monday.
The substantial increase in ETF investments reflects renewed institutional appetite driven by rising prices and fund demand dynamics.<(Source)
