Franklin

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/ark-21shares-bitcoin-etf-sees-surge-in-capital-despite-bitcoins-price-hurdles" rel="noopener noreferrer nofollow">ARK 21Shares Bitcoin ETF Sees Surge in Capital Despite Bitcoin’s Price Hurdles</a><br></p>
<p style="text-align: justify">On March 27, the ARK 21Shares <a href="https://en.bitcoinhaber.net/anticipation-builds-for-the-approval-of-spot-bitcoin-etfs" rel="noopener noreferrer nofollow">Bitcoin</a> ETF saw a monumental surge in capital inflow, totaling $201.8 million, marking a significant leap from its average inflow since inception on January 11. This remarkable investment influx occurred even as Bitcoin struggled to surpass the $72,000 mark, instead reaching a peak of $71,670 before settling at $69,698 for the day. At the time of reporting, Bitcoin’s trading price hovered at $69,756, according to CoinMarketCap.</p>
<h2 id="comparative-etf-inflow-data">Comparative ETF Inflow Data</h2>
<p style="text-align: justify">A day earlier, ARK Invest experienced a substantial inflow of $73.6 million, nearly threefold its usual rate, while no new funds were recorded on March 25. Other Bitcoin ETFs also witnessed inflows albeit at lower volumes: Valkyrie Bitcoin ETF with $5.1 million, Invesco Galaxy Bitcoin ETF at $4.8 million, Franklin Bitcoin ETF with $4 million, and VanEck Bitcoin ETF receiving $1.9 million. Both WisdomTree and Fidelity Investments Bitcoin ETFs reported gains of $1.5 million each.</p>
<h2 id="insights-from-crypto-analysts">Insights from Crypto Analysts</h2>
<p style="text-align: justify">Crypto analysts have started to vocalize that investor focus might be too narrow, overly concerned with Bitcoin’s short-term price fluctuations rather than the substantial funds flowing into the <a href="https://en.bitcoinhaber.net/bitcoin-soars-past-52000-altcoins-break-barriers-in-positive-market-trend" rel="noopener noreferrer nofollow">cryptocurrency</a>. Crypto researcher Gumshoe highlighted this sentiment, pointing out the contrast between anxiety over daily price movements and the record-high inflow to Bitcoin ETFs. Bitwise’s CIO Matt Hougan shed light on the regulatory constraints in the UK where the FCA’s stance limits professional investors’ access to Bitcoin ETF funds but projected a change as over 100 individual assessments are expected in the next two years.</p>
<p style="text-align: justify">Prominent crypto commentator Bitcoin Munger suggested that an additional influx of $13 billion could propel Bitcoin’s price by $50,000 to $70,000 or more. Since the year’s start, spot Bitcoin ETF funds have attracted a total of $13.2 billion in new capital, indicating robust investor confidence in Bitcoin despite regulatory hurdles and price volatility.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/ark-21shares-bitcoin-etf-sees-surge-in-capital-despite-bitcoins-price-hurdles" rel="noopener noreferrer nofollow">ARK 21Shares Bitcoin ETF Sees Surge in Capital Despite Bitcoin’s Price Hurdles</a></h5>

ARK 21Shares Bitcoin ETF Sees Surge in Capital Despite Bitcoin’s Price Hurdles

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