Bitcoin

when

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
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

Table of Contents

U_Today

Other articles published on Mar 13, 2024

Bitcoin Demand Rising: Next Stop for BTC Could Be $83,000!

Pepe Coin Soars 12% As Speculations Build Over Elon Musk’s PEPE Promotion

Will MATIC Could Be the Dark Horse of the Next Crypto Boom

Expert Says Rebel Satoshi May Be A Huge Utility Coin Disguised As Memecoin; Predicts 100x Surge F...

BTC Price Hits New ATH: Why Bitcoin Price is Up Today?

Night Crows now available for global users

Join our free newsletter for daily crypto updates!