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.
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
