- BTC extended its winning streak, reaching a new all-time high of $73,571.
- BTC-spot ETF market experienced significant inflows, with iShares Bitcoin Trust (IBIT) leading with $849.0 million inflows.
- Other ETFs like ARK 21Shares Bitcoin ETF (ARKB) and VanEck Bitcoin Trust (HODL) also saw substantial net inflows.
- Fidelity Wise Origin Bitcoin Fund (FBTC) ranked fourth in net inflows, albeit with a slight decrease compared to the previous day.
- Grayscale Bitcoin Trust (GBTC) witnessed net outflows, while overall BTC-spot ETFs reached a net inflow of $1,045 million.
- Investor demand remains strong despite BTC's record highs, indicating optimism towards the $100,000 milestone and the approaching Bitcoin Halving event
The surge in investor demand for BTC ETFs, despite Bitcoin reaching record highs, reflects the growing confidence in cryptocurrency as a viable investment option. The significant inflows into various BTC ETFs suggest that investors are increasingly looking for accessible and regulated avenues to invest in Bitcoin. This trend also indicates a broader acceptance of cryptocurrencies within traditional financial markets. However, investors should remain cautious and conduct thorough research before investing, as the cryptocurrency market remains highly volatile.
(My Hive Philippines Family)
