US Spot Bitcoin ETFs Surpass $30B Cumulative Inflows Amid Market Rally

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TheNewsCrypto 16h ago

US Spot Bitcoin ETFs Surpass $30B Cumulative Inflows Amid Market Rally - TheNewsCrypto

Quick Summary:

The cumulative total net inflow for U.S.spot bitcoin exchange-traded funds has surpassed $30 billion for the first time since debut in January.

The strong market sentiment that followed former president Trump’s re-election has caused the bitcoin ETFs to see increased levels of trading activity and net inflows.

Wednesday was the day when the funds’ overall net asset worth surpassed $100 billion.