How massive inflow of funds into Bitcoin ETFs will shape future of digital assets

economictimes.indiatimes.com:

Bitcoin Trust since the launch of the ETFs, net inflows into US Bitcoin ETFs remain positive. These inflows, totaling $7.35 billion, originate from some of the biggest names in the investment industry, including BlackRock Inc. and Fidelity Investments.

Areport by Bloomberg on March 4 says the leading cryptocurrency, known for its high liquidity, witnessed a climb of up to 6.7%, reaching $67,069 on March 5. This marks its first breach of the $67,000 threshold since November 2021. Year-to-date, the token has experienced a surge of approximately 60%, significantly outperforming traditional asset classes like stocks.

Fueling this enthusiasm for Bitcoin appears to be the seemingly unquenchable demand from US-listed Bitcoin ETFs, operational since January 11, 2024. Over the past twelve months, Bitcoin has registered a remarkable 186% growth.

The launch and subsequent surge in popularity of spot Bitcoin ETFs has far-reaching implications for the digital assets markets globally. This article explores the implications of this massive inflow of funds into Bitcoin ETFs and its potential impact on the future of digital assets globally.

Did you Know?

The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter