Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-climbs-over-46000-with-record-etf-inflows" rel="noopener noreferrer nofollow">Bitcoin Climbs Over $46,000 with Record ETF Inflows</a><br></p>
<p style="text-align: justify">In a striking development within the cryptocurrency sector, <a href="https://en.bitcoinhaber.net/anticipation-peaks-as-sec-decision-on-spot-bitcoin-etf-nears" rel="noopener noreferrer nofollow">Bitcoin</a>‘s value soared beyond the $46,000 threshold, with sights set on breaching $47,000. The surge coincided with a remarkable influx of capital into the US Spot Bitcoin Exchange-Traded Funds (ETFs), which saw a one-day injection of $405 million on February 8th, the largest for the week. The burgeoning interest in Bitcoin ETFs is creating considerable excitement among investors and crypto aficionados alike.</p>
<h2 id="bitcoin-etf-attraction-grows">Bitcoin ETF Attraction Grows</h2>
<p style="text-align: justify">BitMEX Research’s latest findings highlight the US Spot Bitcoin ETF’s remarkable performance, which, despite initial hurdles, has attracted significant capital inflows. Since its debut on January 11th, the ETF has amassed a total of $2.11 billion. Notably, on February 8th, the fund received around $405 million, equivalent to 8,935 BTC, with financial powerhouses BlackRock and Fidelity spearheading the influx.</p>
<p style="text-align: justify">BlackRock’s investment vehicle led with $204.1 million in new funds, bringing its total to $3.5 billion since inception. Fidelity’s ETF followed closely with an influx of $128.3 million, for a cumulative total of $2.81 billion. Meanwhile, Grayscale’s Bitcoin Trust stood in contrast with outflows of $6.33 billion since January 11th, including $101.6 million on February 8th.</p>
<h2 id="soaring-confidence-and-bitcoin-s-price-rise">Soaring Confidence and Bitcoin’s Price Rise</h2>
<p style="text-align: justify">The positive trend in ETF investments is mirrored by Bitcoin’s price leap over 4% within a day, reflecting a wave of market optimism. CoinGlass data underlines a 5.51% rise in Bitcoin Futures Open Interest over the past day, amounting to 444,810 BTC or $20.74 billion, fueling bullish market sentiments.</p>
<p style="text-align: justify">The Chicago Mercantile Exchange (CME) led the charge in this Open Interest upswing with a 9.79% increase, which translates to 11,723 BTC or $5.46 billion. Concurrently, Bitcoin’s trading volume surged by 32%, eclipsing the $33.5 billion mark, while its price hit $47,300, underscoring the robust trading activity in the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-climbs-over-46000-with-record-etf-inflows" rel="noopener noreferrer nofollow">Bitcoin Climbs Over $46,000 with Record ETF Inflows</a></h5>

Bitcoin Climbs Over $46,000 with Record ETF Inflows

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