cryptocurrency market Bitcoin (BTC) over the weekend 
$68,412 and other cryptocurrencies saw significant increases. Behind this rise are inflows exceeding $2.1 billion into spot Bitcoin ETFs.
BlackRock’s IBIT ETF Gains Attention
during the last week BlackRock‘s IBIT ETF stood out, providing more than half of the total inflows. The fund added $1.14 billion to its portfolio, increasing the amount of Bitcoin to 386 thousand 614.8. This figure is equal to all funds in the USA. Bitcoin It accounts for one-third of its inventory.
The growth rate of spot Bitcoin ETFs has outpaced that of gold ETFs. While it takes five years for gold ETFs to exceed the $20 billion threshold spot Bitcoin ETF‘s achieved this goal in just ten months. The interest of pension funds and financial advisors in Bitcoin is an important factor in this growth. biggest cryptocurrencyThis corporate participation has a major role in the increase in the price of .
Other ETFs Also Made Significant Contributions
As of Monday, October 14 Fidelity‘s FBTC and Bitwise‘s BITB ETFs generated greater daily net inflows compared to IBIT. These entries are worth $555.9 million and correspond to 8,300 BTEs.
While it is noteworthy that retail investors have started to re-enter the market, corporate demand is also growing. Pension funds and financial advisors in the US recommend these funds to their high-net-worth clients.
The rapid growth of spot Bitcoin ETFs indicates that the cryptocurrency market is maturing. Increased institutional investment provides stability to the market and wider acceptance. All these developments allow Bitcoin to find a greater place among financial instruments.
The performance of Bitcoin ETFs is a signal that strengthens the integration of cryptocurrencies into traditional financial instruments. The future performance of Bitcoin and other cryptocurrencies will be shaped by this institutional demand. Therefore, investors need to closely follow the developments in this regard.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
