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Total Net Flows in Bitcoin ETFs Exceed $20 Billion for the First Time Ever

Total Net Flows in Bitcoin ETFs Exceed $20 Billion for the First Time Ever

Bitget2024/10/17 12:26

According to Bloomberg ETF analyst Eric Balchunas in a post on the X platform, total net flows in Bitcoin ETFs exceeded $20 billion for the first time (the most important number in the ETF space and the hardest metric to grow), after reaching $1.5 billion in gold ETFs the week before. By comparison, it took gold ETFs about five years to reach the same number.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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