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Bitcoin ETFs See Major Inflows as Institutional Demand Surges

15.10.2024 13:30 1 min. read Alexander Stefanov
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Bitcoin ETFs See Major Inflows as Institutional Demand Surges

Spot Bitcoin ETFs saw a resurgence in demand, with inflows hitting $555 million on Monday, nearly doubling from Friday’s figures.

This spike coincided with Bitcoin’s climb back above $66,000, breaking key resistance levels. It was the most significant daily inflow since early June and the eighth largest since ETF trading began in January, pointing to a fresh wave of institutional interest.

Fidelity led the pack with $239.3 million, followed by Bitwise and BlackRock, signaling investor preference for established funds as U.S. stock indices displayed strength.

The surge in ETF interest has reignited the discussion over the best way to gain Bitcoin exposure. Some argue that spot ETFs offer a cleaner option compared to MicroStrategy, whose shares trade at a steep premium versus its Bitcoin assets.

Analysts have raised concerns about this overvaluation, while others see potential in MicroStrategy’s approach, which includes bold plans to transform into a trillion-dollar Bitcoin-centric financial institution.

Meanwhile, BlackRock’s Larry Fink fueled excitement by suggesting Bitcoin’s market could one day rival the $50 trillion U.S. housing sector, hinting at a transformative shift for the cryptocurrency market.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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