Bitcoin ETFs Hit All-Time Peak, Bag Over $41 Billion in Cash
Summary
Bitcoin ETFs have achieved over $41 billion in inflows since their January 2024 launch, marking a record high. This surge follows a period of significant outflows due to investor concerns during a global trade war, particularly influenced by President Trump's trade rhetoric. In February, Bitcoin ETFs experienced their worst day, prompting investors to withdraw funds. However, with the easing of trade tensions, investor appetite for risk has returned, leading to renewed interest in Bitcoin. Analysts note that ETFs are now a primary method for gaining Bitcoin exposure. The SEC's approval of Bitcoin ETFs last year has facilitated this growth, with Bitcoin recently trading at $104,260, just 4% below its January peak.
