#Bitcoin #ETFs #CryptoMarket #Investing #ByteTree #CryptoSlate #BitcoinInflows #SpotETF
Recent data from ByteTree illustrates a significant uptick in global Exchange Traded Products (ETPs) holdings of Bitcoin, now nearing the historic peak of 966k Bitcoin set back in 2021. This surge owes much to the embraced spot Bitcoin ETFs in the United States, amassing a net flow of about $5.5 billion. The attractiveness of spot Bitcoin ETFs, having surpassed significant marks in investment flows, signals a robust engagement from investors and a substantial shift in the crypto investment landscape.
In an unprecedented move over the last 30 days, these global ETPs documented an inflow exceeding 100k Bitcoin, shattering the prior 30-day record of 90k Bitcoin from 2020. This dramatic increase, especially noted in February with a staggering 96k Bitcoin inflow, starkly contrasts with the more modest inflows recorded in the previous four months, underlining a heightened investor interest. The inclination towards spot Bitcoin ETFs in the U.S., despite the outflows seen in other ETPs like BITO and the Purpose ETF, further emphasizes the market’s evolution towards more regulated, accessible, and potentially safer Bitcoin investment vehicles, indicating a maturation of the crypto markets and investor strategies.
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