Crypto News

Bitcoin ETFs see over $570M boost, marking a surge in crypto investment confidence

Bitcoin ETFs see over $570M boost

The crypto market is experiencing a significant surge in investment, particularly in Bitcoin Exchange-Traded Funds (ETFs).

BitMEX exchange data shows that these ETFs secured over $570 million in new investments, marking the third-highest day for investments.

Moreover, this influx amounts to around 10,168 BTC, indicating the growing trust and interest in crypto among investors.

Furthermore, the trend continues to gain momentum, with investments rising by about $55 million from one day to the next. Note that BlackRock’s IBIT ETF saw an influx of $520 million in just one day, boosting its total investments to $6.5 billion.

On the other hand, Fidelity’s FBTC ETF also performed well, attracting $126 million and reaching a total of $4.5 billion in investments. Not to forget that the rest of the ETFs in the market saw a healthy distribution of investments, with a total of about $56 million in new inflows.

In total, Bitcoin ETFs have attracted over $6.7 billion in investments, equivalent to roughly 134,000 BTC. This figure reflects Bitcoin’s growing acceptance and legitimacy as an investment option.


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