Bitcoin ETF records the strongest capital inflow, solidifying its position in the market
The cryptocurrency market is receiving a strong positive signal as global Bitcoin exchange-traded products (ETPs) recorded a net inflow of 20,685 BTC last week, the highest level since July. The main driver comes from funds #BitcoinETF in the US, accounting for 97% of total capital inflow, indicating a surge in institutional investment demand.
Demand far exceeds new supply
This growth has pushed the total amount of Bitcoin held by ETF funds in the US to a new record level of 1.32 million $BTC . According to analysts, the inflow into Bitcoin ETFs is a key factor determining Bitcoin's performance. Currently, the capital inflow has exceeded the new Bitcoin supply by 8.93 times, creating strong upward momentum. This indicates that investor interest is significantly increasing, surpassing the amount of Bitcoin generated daily.
This increase in risk appetite is driven by expectations that the Fed will cut interest rates and a series of new #IPO related to crypto. Although Bitcoin's volatility is low, this strong capital inflow is a clear indicator of investors' long-term confidence in Bitcoin's potential. This event confirms that Bitcoin is increasingly becoming an asset widely accepted by institutions, ushering in a new era of sustainable development for the market. #anhbacong