Bitcoin

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Bitcoin exchange-traded funds (ETFs) are <a href="https://twitter.com/EricBalchunas/status/1767892975583936945" rel="noopener noreferrer nofollow">witnessing</a> record inflows, showing bullish sentiment among investors toward the cryptocurrency market.&nbsp;
According to recent data, the sector saw an addition of $1.045 billion in net inflows in a single day, marking a new daily high.&nbsp;
This influx has pushed the total net inflows to an eye-popping $11 billion.&nbsp;
<h2 id="unprecedented-growth">Unprecedented growth</h2>
The recent spike in investment has been particularly notable in specific ETFs. BlackRock's Bitcoin ETF, IBIT, experienced a daily inflow of $849 million, setting a new record for the fund.&nbsp;
This trend is reflective of a broader appetite for cryptocurrency exposure through regulated financial products. These products offer both retail and institutional investors a more familiar entry point into the digital asset space.
The success of these <a href="https://u.today/bitcoin-spot-etfs-near-60-billion-in-net-assets-amid-heavy-trading" rel="noopener noreferrer nofollow">ETFs</a> is not isolated, as even the smallest fund in the sector, BTCW, boasts a healthy $74 million in assets under management, which makes it 16th out of 108 ETFs launched in 2024.&nbsp;
Earlier today, the price of the leading cryptocurrency reached a new peak of $73,603.
<h2 id="who-s-buying">Who's buying?</h2>
The growing interest in <a href="https://u.today/bitcoin-etfs-simply-absurd-performance-excites-analyst" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> raises the question of who is driving this demand.
Industry experts point toward May 15 as a significant date when investors with more than $100 million in assets under management (AUM) are required to file their 13-F filings with the SEC.&nbsp;
These filings, which disclose publicly traded holdings, are anticipated to reveal some surprising names among the investors in Bitcoin ETFs.&nbsp;
The expectation is that these disclosures will provide insights into the institutional adoption of Bitcoin, supporting the hypothesis that a broader range of investors is now engaging with digital assets.

Bitcoin ETFs Seeing Record Inflows

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