Home Crypto News Bitcoin ETFs Record $680 Million All-time High

Bitcoin ETFs Record $680 Million All-time High

29 Feb, 2024 Crypto News

Bitcoin ETFs Record $680 Million All-time High

Spot Bitcoin ETFs in the United States have achieved a new all-time high in daily inflows, amassing $676.8 million on February 28.

This influx was predominantly led by five ETFs, with iShares Bitcoin Trust taking the lion's share.

Despite Grayscale Bitcoin Trust experiencing outflows, the overall inflow into spot Bitcoin ETFs remained strong, reflecting the growing interest and investment in Bitcoin within the U.S. market.

This bullish trend is not only confined to the U.S. but also influences global markets, as evidenced by a surge in

Bitcoin interest among Australian retail investors following the U.S. approval of spot Bitcoin ETFs.

This global enthusiasm is further mirrored in the increased investor sentiment and adoption rates observed in Australia, highlighting a period of renewed optimism and growth within the cryptocurrency sector.

Sources:

https://cointelegraph.com/news/spot-bitcoin-etf-inflow-ath-680-m

https://farside.co.uk/?p=997

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