Bitcoin ETF inflows hit a record high, institutional investors accelerate allocation
Recently, Bitcoin spot ETF funds have been continuously flowing in, with holdings managed by institutions such as BlackRock and Fidelity steadily increasing. Data shows that in the second quarter of 2024, net inflows into Bitcoin ETFs exceeded $5 billion, driving BTC prices above $70,000. Analysts believe that the continued influx of institutional funds may signal the start of a new bull market, but caution is needed regarding short-term market correction risks. In addition, whether the SEC will approve Ethereum spot ETFs has become the next focal point.