Spot Bitcoin $106,616.75 ETFs continue the influx of corporate investors without slowing down. US -based Spot Bitcoin ETFs recorded a net $ 609 million entrance on Wednesday and continued the positive flow series on the sixth day. This development coincided with Bitcoin’s exceeding $ 108,000. The biggest crypto currency recently renewed the record with 111 thousand 861 dollars.
Giant capital entering ETFs gives direction to rally
In recent weeks Bitcoin priceIt is seen that not only individual investors but also corporate investors are behind the rise in the rise. In particular, the fact that large capital groups turn to Spot Bitcoin ETFs is the main element that supports this rally. ETFs, which stand out as products for corporate investors, have started to be seen as a safe investment tool with the increase in regulatory clarity. BTC Markets CEO Caroline Bowsthe strong demand in the current table is formed by the institutional infrastructure and the sense of investor is now clearly shifted in this direction.
BLACKROCK’S among the prominent products IBIT The fund recorded the highest net entry of the day with $ 530.6 million on Wednesday, May 21. On the same day Fidelity FBTC ‘Si, Bitwise’s BITBand Grayscale Mini BTC Trust Other funds such as have entered over $ 20 million. Vaneck, Ark & 21shares And VALKYRIEThere were also significant entries to the ETFs of his ETFs. With all these developments, 12 Spot Bitcoin ETF in the United States reached a total of $ 7.64 billion transaction volume on Wednesday and saw the highest daily volume since 25 February.
The new summit brought new uncertainties with it
Bitcoin’s record renewal forces to be cautious as it excites investors. Hashkey Capital Partner Jupiter ZhengHe said that the biggest crypto currency is now taking a step into a “undiscovered region ve and these levels increase the volatility. According to Zheng, investors are no longer not only technical data, but also global geopolitical risks and macroeconomic uncertainties.
Bitcoin’s daily earnings reached 3.6 percent, while the news is traded at 110 thousand 684 dollars. Although the mid -May has been passed, ETFs spend a strong month with a total net entry of 4.24 billion dollars in a month. 12 Opened in January 2024 12 Spot Bitcoin ETFIt has attracted a total of 43.38 billion dollars of a total of 43.38 billion dollars.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
