Bitcoin Exchange-Traded Funds (ETFs), which are Bitcoin-based funds, recorded an inflow yesterday that was near a record of more than $1 billion. Bitcoin's price First time, the trading environment was volatile and the company reached the milestone of $100,000.
The huge inflows come after options trading on BlackRock’s spot Bitcoin ETF kicked off on November 19, following the Securities and Exchange Commission's (SEC) approval of the listing of options for spot Bitcoin ETFs last month.
Farside Investors data shows that Blackrock’s iShares Bitcoin Trust attracted more than $608 Million yesterday.
Fidelity Wise Origin Bitcoin Fund meanwhile attracted new funds of over $300 million, while Bitwise Bitwise Bitcoin ETF Fund (BITB), attracted $68 millions.
Though historically extremely high, yesterday's ETF inflows are still quite a way off those recorded on November 8, amid the immediate run-up to the election of Donald Trump and widespread speculation regarding the impact of the pro-crypto U.S. government.
Blackrock IBIT’s total revenue on 7 November was $1.12 Billion, beating its previous record of 872 M$ set on 30 October.
Trump promised to safeguard crypto mining interests and fire SEC Gary Gensler, who announced his resignation shortly after. He also pledged to establish a U.S. Strategic Bitcoin Reserve.
Bitcoin ETFs have become one of the most popular ways to invest in bitcoin. Bitcoin This event takes place.
Bloomberg In a recent tweet, ETF analyst Eric Balchunas noted that U.S. Bitcoin ETFs had assets of $100 billion on November 22, 2014.
Bitcoin ETFs account for more Bitcoins than Satoshi Nakamoto. They also represent 82% the value of the Gold ETFs.
However, it seems Bitcoin ETFs’ rosy investor sentiment hasn't carried over to Ethereum ETFs. According to Farside Investors, Ethereum ETFs recorded daily outflows since November 14. They lost $7 million in one day on November 21.
