Bitcoin ETF Inflows Reach 15-Day High
CryptoNewsTerminal Staff04 Jun, 2024
Bitcoin ETF Inflows Reach 15-Day High
Bitcoin exchange-traded funds (ETFs) have seen sustained inflows over the past 15 days, totaling $2.4 billion. This strong performance places Bitcoin ETFs among the top three most popular ETFs in terms of inflows during that period. Bloomberg's ETF analyst Eric Balchunas highlighted this trend, noting that Bitcoin Spot ETF assets under management (AUM) have grown by $14 billion since the start of the year. This growth demonstrates the increasing popularity and staying power of Bitcoin ETFs. The sustained inflows into Bitcoin ETFs suggest a growing interest in digital assets among investors. As the cryptocurrency market continues to evolve, Bitcoin ETFs provide a convenient and regulated way for investors to gain exposure to this asset class.
