After Bitcoin’s price surged to over $16,000 on November 14 and continued to perform strongly until November 30, investors in Bitcoin Exchange Traded Funds (ETFs) seem to have maintained confidence in the asset.
As of the time of writing, the BTC trading price is approximately $63,300, with Binance briefly surpassing $65,000 earlier.
On Friday, December 10, the registered US Bitcoin ETF saw a flow of $31.01 billion, marking its best performance since May 8. The total inflow amount for the week starting December 1 and ending on December 10 was around $10.47 billion.
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Momentum and investor confidence do not appear to have waned, as the total inflow for these ETFs amounted to $30.09 billion on Monday, December 13.
According to Farside data, the majority of the inflow went to BlackRock ETF (IBIT) and ARK 21Shares Bitcoin ETF (ARKB), with equal amounts of $11.72 billion each.
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Following closely behind is Fidelity Wise Origin Bitcoin Fund (FBTC) with registered funds of $361,000.
VanEck’s ETF (HODL) and Invesco’s ETF (BTCO) also saw inflows, albeit much smaller, at $36,000 and $79,000 respectively.