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