U.S. spot Bitcoin ETFs have surpassed $30 billion in cumulative net inflows since their January launch, driven by bullish sentiment following Donald Trump’s re-election.
Bitcoin ETFs have attracted $5.8 billion in inflows since Election Day, boosting their total assets to a record $100 billion, according to Bloomberg.
On Thursday alone, the 12 Bitcoin ETFs recorded $1 billion in daily inflows, with BlackRock’s IBIT and Fidelity’s FBTC leading at $608.41 million and $300.95 million, respectively. Total trading volume reached $7.1 billion.
Grayscale Bitcoin Trust (GBTC), the world’s largest Bitcoin exchange-traded product with $19.7 billion in assets under management, charges a 1.50% annual fee and averages a daily trading volume of 3.6 million shares, making it a cost-effective option for Bitcoin investment.
Bitcoin continues its rally, trading above $99,000 and nearing the $100,000 milestone. Meanwhile, U.S. spot Ethereum ETFs saw $9.05 million in net outflows, marking their sixth consecutive day of declines, with total trading volume at $839.64 million.
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