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- Biggest Bitcoin ETF week ever 💸
Biggest Bitcoin ETF week ever 💸
Bitcoin ETFs took in more money last week than any other week since they became available to U.S. traders in January.
📝 What you need to know
Bitcoin exchange-traded products took in a staggering $3 billion last week, thanks in large part to lingering jubilation over president-elect Donald Trump’s victory earlier this month.
“Year-to-date inflows now stand at a record $37 billion, driven primarily by Bitcoin,” a CoinShares report noted, “far outpacing the debut of U.S. gold ETFs, which attracted just $309 million in their first year.”
Keep in mind the firm tracks more than just spot Bitcoin ETFs in the U.S. CoinShares tracks funds that give investors exposure to digital assets, from Germany and Switzerland to Hong Kong and Australia.