Last week, Bitcoin exchange-traded funds (ETFs) witnessed a trading volume that broke all previous records, which resulted in large investment flows.
On the other hand, a decline took place at the end of the week, showing that net investments in a group of ten funds based in the United States turned negative.
Although Grayscale Investments’ fund had significant withdrawals, BlackRock’s iShares Bitcoin ETF (IBIT) received approximately $203 million in investments.
However, Grayscale Investments’ fund experienced a net withdrawal of $140 million. Although this was the case, the overall weekly influx continued to be strong, reaching almost $1.7 billion, making it the second-highest weekly inflow ever recorded.
The increased openness of the US Securities and Exchange Commission (SEC) to these financial instruments has made it easier for investors to take an interest in Bitcoin, as seen by this action.
During the past week, the trading volume for these ETFs hit approximately $22 billion, while the aggregate net investments for these ETFs have reached nearly $7.4 billion.
