Bitcoin ETFs hits 15-day streak with a $6.7 billion Inflow

The U.S. spot bitcoin ETFs are surging massively, making it for 15 days streak to take high inflows summing at over $6.7 Billion.

Started from 27th of Nov, the inflow in Bitcoin ETFs have witnessed this longest streak with taking $275.39 million of daily inflow on Dec 18. During this streak, the record inflow was marked on December 5 with it hitting at $766.66 million.

SoSoValue Bitcoin ETF data — Source: SoSoValue

This streak coincided with Bitcoin price rising to break the $100,000 mark for the first time, which also fired up increased trading activity as a result. Total assets under Bitcoin ETFs have increased to $115.78 billion from $104.32 billion.

The increase in Bitcoin’s price, mainly fueled by aspects such as rising geopolitical tensions and former President Donald Trump winning the 2024 U.S. presidential election, has been a contributing factor to the growth of Bitcoin ETFs.

Spot Bitcoin ETFs, which were introduced in January 2024, have contributed to attracting the traditional investor into the cryptocurrency space.

Also Read: Spot Bitcoin ETFs records $4.8B net inflow over 11-Days Streak

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!