This year, more than $105 billion (about 147.965 trillion won) in funds flowed into the US BTC spot exchange-traded fund (ETF) in Europe.
According to CoinTelegraph on the 21st (local time), European investors invested more than $105 billion in the US BTC spot ETF this year. Bloomberg analyst Eric Balchunas said on X (formerly Twitter) that "the inflow of funds from Europe is the largest ever" and that "large capital flows have also been observed in Asia."
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There are also forecasts that the massive inflow of funds into the BTC spot ETF could drive up the price of BTC. When the BTC price broke through $50,000 in February, about 75% of the newly inflows came through the US BTC ETF. As of 3:22 pm on CoinMarketCap, BTC was trading at $67,716.
Interest in BTC spot ETFs is also steadily increasing. As of the 17th, the cumulative net inflow into BTC spot ETFs has surpassed $20 billion in 10 months since trading began. Analyst Balchunas said, "A net inflow of $20 billion is a very difficult milestone to achieve in the ETF market," and "it took more than 5 years for gold-based ETFs to surpass a net inflow of $20 billion."
- Choi Jae-heon, reporter
- chsn12@decenter.kr
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