Bitcoin spot ETF saw record high inflows in 2024.
According to reports, Bloomberg ETF analyst Eric Balchunas announced on the X platform that the net inflow of Bitcoin spot ETF has reached $17 billion for the first time since the beginning of this year. This number is significant as it represents the net amount unlocked by GBTC and is solely driven by net demand and adoption rate independent of price appreciation. While there is a possibility of decline, current trends indicate an upward trajectory.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analyzing Bittensor’s 7% drop after its Raydium rally – What’s next for TAO?
Hyperscale Data Executive Chairman Milton C. Ault III buys USD 5,252 of common shares
Will Gold Price Fall Below $4,000 Amid Renewed Economic Risks?
IonQ director and special advisor Raymond John w sells USD 89,578.47 in common shares
Crypto prices
More
