Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion
Summary
Bitcoin spot exchange-traded funds in the US have seen a surge in inflows, surpassing $2.2 billion last week, breaking records and outperforming other asset classes. BlackRock's iShares Bitcoin Trust (IBIT) led with $1.673 billion in net inflows, totaling $5.2 billion since its launch. Meanwhile, the Grayscale Bitcoin Trust ETF (GBTC) experienced $624 million in outflows. Bitcoin's price has risen over 33% in the past month, reaching $52,000 per coin, with expectations of continued bullish momentum and potential ETF inflows of $150 billion by 2025.
