Bitcoin ETFs attract 2.4 billion USD in 2 weeks, institutions still 'hold tight' to BTC despite volatility
The influx of funds into the #ETFbitcoin funds in the US is returning strongly. According to Farside Investors, Bitcoin ETFs have attracted a net inflow of 2.4 billion USD in the last 10 sessions, with just last week reaching up to 1 billion USD.
BlackRock's IBIT fund continues to lead with 1.1 billion USD inflow, bringing the total amount of Bitcoin held by US ETFs to over 1.21 million BTC, equivalent to nearly 126 billion USD.
The allure of Bitcoin remains strong despite geopolitical risks, such as the Iran-Israel conflict or concerns about US intervention. In June, two giants, Strategy and Metaplanet, respectively purchased an additional 1.22 billion USD and 234 million USD in BTC, contributing to the intensification of the 'Bitcoin treasury' trend among public companies.
Notably, spot Bitcoin ETFs currently account for up to 25% of total BTC trading volume globally, demonstrating a crucial connecting role between traditional markets and digital assets.
In contrast, Ethereum ETFs are cooling down with inflows of only 328 million USD in 2 weeks, ending a streak of 19 sessions of accumulation.
📌 Investment Warning: Although the long-term trend for Bitcoin is very positive, investors need to be cautious of risks from Fed interest rate policies, geopolitical situations, as well as the risk of cyberattacks if self-storing digital assets. Always choose a safe and highly secure wallet.