Bitcoin ETF Inflows Accelerate
This week, the financial realm has been abuzz with one of the most significant developments in recent times.
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This week, the financial realm has been abuzz with one of the most significant developments in recent times: new all-time highs for Bitcoin, catalyzed in part by unprecedented demand for the asset via inflows to the newly launched spot Bitcoin ETFs. These products have meaningfully broadened access to Bitcoin and represent an important shift in the asset›s integration into the broader financial ecosystem.
Tuesday witnessed a staggering influx of 14,612 BTC into the spot Bitcoin ETFs, setting a new daily record.
Since their inception, these ETFs have amassed over 211K BTC in inflows, accounting for more than %1 of the circulating supply. The magnitude of this demand was underscored by a historic 1.045$ billion inflow on Tuesday alone, marking the first instance of single-day inflows surpassing the 1$ billion mark.
Download the whole report from here.