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    Home ยป Bitcoin ETF Sustains Strong Performance for 7 Consecutive Days
    Bitcoin

    Bitcoin ETF Sustains Strong Performance for 7 Consecutive Days

    By adminJul. 16, 2024No Comments2 Mins Read
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    Bitcoin ETF Sustains Strong Performance for 7 Consecutive Days
    Bitcoin ETF Sustains Strong Performance for 7 Consecutive Days
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    After the Bitcoin price surged above $16,000 on November 14 and continued to perform strongly until November 30, investors in Bitcoin exchange-traded funds (ETFs) appear to have maintained confidence in the asset.

    As of the time of writing, the BTC trading price is around $63,300, with earlier reports briefly surpassing $65,000.

    On Friday, December 10, the US spot Bitcoin ETF saw a record inflow of $31.01 billion, the highest since May 8. The total inflow amount for the week starting December 1 and ending on December 7 was approximately $2.1 billion.

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    Financial giant BlackRock reaches new high in asset management

    Momentum and investor confidence seem to be unyielding, with a total inflow of $300.9 billion for these ETFs on Monday, December 13.

    [Image]
    [Image]

    According to Farside data, the majority of the inflows went to the BlackRock ETF (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), with equal amounts of $11.72 billion.

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    [Image]

    Financial giant BlackRock reaches new high in asset management

    Following closely behind is the Fidelity Wise Origin Bitcoin Fund (FBTC) with registered funds of $361,000.

    VanEck’s ETF (HODL) and Invesco’s ETF (BTCO) also saw inflows, but at much smaller volumes of $36,000 and $79,000, respectively.
    [Image]

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