JUST IN: ๐บ๐ธ Spot #Bitcoin ETFs surpassed $50 billion in cumulative net inflows.
The fastest growing ETFs in history ๐
- The striking bull image paired with the $50 billion net inflow milestone for spot Bitcoin ETFs reflects a surge in institutional adoption, aligning with a 2023 EY-Parthenon study showing 60% of institutions diversifying beyond Bitcoin and Ethereum, signaling a maturing crypto market.
- This growth, the fastest for any ETF, challenges initial U.S. SEC hesitations about market manipulation, with approval of 11 Bitcoin spot ETFs in January 2024 marking a shift, driven by data from the CME CF Bitcoin Reference Rate ensuring price stability.
- The bull symbolism, rooted in 19th-century stock market lore from the Crimean War era, contrasts with bearish skepticism, as historical patterns like the 1873 crash-inspired art suggest such optimism often precedes volatile market turns.