Donald Trump

Bitcoin

<a href="https://thecoinrise.com/bitcoin-prices-could-surge-amid-rising-oil-tensions-predicts-arthur-hayes/">Bitcoin</a>, the world’s largest cryptocurrency, has recorded a mild bullish run recently. With price performance still averaging above $67,500, investors globally cannot resist the attraction that Bitcoin has become. 
These investors seek exposure to Bitcoin through its exchange-traded products (ETPs). According to<a href="https://bold.report/bitcoin/fund-flows"> bold.report</a>, global Bitcoin ETP has recorded a total inflow valued at $1.74 billion (25,675 BTCs) within seven days. This is the largest seven-day tally in approximately 3 months. The last peak inflow happened in July. 
<h2 id="b-record-inflows-signal-strong-investor-interest-b">Record Inflows Signal Strong Investor Interest</h2> 
The digital asset has recorded significant milestones as investors clamor for ETPs linked to Bitcoin. Notably, Bitcoin ETPs now have a cumulative 1.1 million BTC, equaling the amount in the Satoshi wallet. 
For clarity, ETPs refer to exchange-traded funds (ETFs) and exchange-traded notes (ETNs) in the ecosystem. 
The prevailing uptick in Bitcoin performance, both in price and investors’ interest, has given the digital asset its fair experience of the “Uptober rally”. In the last week, Bitcoin has soared to within about 8% from its $73,500 all-time high (ATH) attained in March 2024. 
<h2 id="b-what-are-the-major-bitcoin-etp-push-factors-b">What Are the Major Bitcoin ETP Push Factors?</h2> 
Financial experts have attributed the recent bullish signals to several factors. According to them, some push factors include speculation by pro-crypto <a href="https://thecoinrise.com/bitcoin-set-for-post-election-surge-as-us-debt-woes-fuel-bullish-outlook/">Donald Trump supporters and a post U.S election surge</a>. Others anticipate another Federal interest rate cut. 
The U.S. Federal Reserve cut interest rates by 50 basis points in September, triggering some gains for Bitcoin and the broader financial space. Investors turned to digital assets to utilize liquidity. 
<h2 id="b-bitcoin-etfs-surpass-milestones-in-record-time-b">Bitcoin ETFs Surpass Milestones in Record Time</h2> 
Meanwhile,<a href="https://farside.co.uk/btc/#google_vignette"> data</a> from Farside Investors show that the<a href="https://thecoinrise.com/bitcoin-etfs-soar-past-1b-weekly-inflows-amid-institutional-rush/"> ETF market has recorded a notable upsurge</a>. Since October 14, a total of $1.9 billion has been pooled from investors. This is equivalent to 21,450 BTC accumulated by the asset managers due to increased exposure to ETF products. 
The ETF players have registered over $20 billion in inflows since their launch in January. Eric Balchunas, Bloomberg’s ETF analyst, says the same figure took gold ETF 5 years to attain. This shows Bitcoin’s push to its ETF in less than one year. 
At the time of writing, Bitcoin was<a href="https://coinmarketcap.com/currencies/bitcoin/"> trading</a> at $68,059.06, up by 1.53% in the last 24 hours per data from CoinMarketCap. 
The post <a href="https://thecoinrise.com/global-bitcoin-etp-see-record-breaking-weekly-inflows-highest-since-july/">Global Bitcoin ETPs See Record-Breaking Weekly Inflows, Highest Since July</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Global Bitcoin ETPs See Record-Breaking Weekly Inflows, Highest Since July

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