Reported about 6 hours ago
Bitcoin exchange-traded funds (ETFs) have surpassed $1 billion in inflows as the leading cryptocurrency's price nears $100,000. BlackRock led the inflows with over $608 million, followed by Fidelity and Bitwise. Recent trends show a significant increase in ETF investments since Donald Trump's re-election, with analysts predicting Bitcoin to eclipse $100,000 soon. Additionally, bitcoin ETFs have reached a milestone of over $100 billion in assets under management, potentially positioning them as major holders of Bitcoin.
Source: YAHOO