US Bitcoin ETFs See 2nd-Highest Inflows Amid Crypto Rally
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US spot Bitcoin ETFs recorded $1.18 billion in inflows on Monday, their biggest day since early November 2024, when Donald Trump was elected President of the US.
Spot Bitcoin exchange-traded funds in the United States clocked their second-biggest day of inflows in history as Bitcoin notched a new record high on Monday.
The 11 US-based spot Bitcoin ETFs saw a cumulative $1.18 billion in inflows on the day, second only to Nov. 7, 2024, when the ETFs raked in $1.37 billion after Donald Trump won the election to become the next President of the United States.
The bumper day for the ETFs, which coincided with Bitcoin’s new all-time high of over $126,000, brings October’s total inflow to $3.47 billion across just four trading days, according to CoinGlass.
Meanwhile, Bitcoin ETFs have cumulatively raked in around $60 billion since their launch, Bloomberg’s ETF analyst James Seyffart said on Monday on X.
The massive demand for Bitcoin ETPs underscores the significant influence of institutional investors in this bull market, with retail investors reportedly still on the sidelines.
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