Bitcoin ETFs Reach Record $41 Billion in Inflows
- Bitcoin ETFs launched in the U.S. in January 2024 after a decade of SEC rejections.
- The funds have accumulated over $41 billion in net inflows, reaching an all-time high.
- Investors withdrew billions during February and March amid global trade tensions.
- Bitcoin’s price fell to $75,000 in April from a peak above $108,000 in January.
- The recent market recovery saw Bitcoin trading at approximately $104,260.
Despite initial withdrawals due to trade tensions, Bitcoin ETFs have rebounded strongly, achieving over $41 billion in net inflows since their launch. The funds’ success is attributed to renewed investor interest as market conditions stabilized.
Source (2.6)https://decrypt.co/319559/bitcoin-etfs-all-time-peak-41-billion?rand=52368