Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July
Summary
Bitcoin's price resurgence has led to significant investor interest in exchange-traded products (ETPs) linked to the cryptocurrency. Global ETPs recorded a seven-day inflow of 25,675 BTC ($1.74 billion), the largest since July. Bitcoin ETPs now hold 1.1 million BTC. Bitcoin has increased by 15% since October 10 and is 8% below its all-time high. Factors driving this rally include anticipated Fed rate cuts and the potential election of pro-crypto Donald Trump. U.S.-listed spot ETFs have attracted nearly $1.9 billion since October 14, equivalent to 21,450 BTC, surpassing $20 billion in net inflows since inception. Spot ether ETFs also saw significant inflows, with BlackRock and Fidelity leading the way.
