Bitcoin ETFs Gain Momentum with Record-Breaking Inflows and Volume

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Source: Decrypt
Bitcoin ETFs Gain Momentum with Record-Breaking Inflows and Volume
Photo: Decrypt
TL;DR Summary

BlackRock's Bitcoin ETF achieved a record-breaking $1.3 billion in single-day trading volume, surpassing its previous high of $1 billion. With $6.6 billion in assets under management, the ETF has garnered significant interest following the SEC's approval of 10 spot Bitcoin ETFs. BlackRock's success in the cryptocurrency market has also led to plans for an Ethereum spot ETF. Meanwhile, Bitcoin's price surged to $54,762 per coin, marking a 6% increase in 24 hours and a 25% rise since the beginning of the year.

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