U.Today – In an extraordinary demonstration of demand for spot ETFs, US funds recorded a record daily net inflow of $1.38 billion, as Bitcoin itself hit new all-time highs. BlackRock's (NYSE:) IBIT fund dominated inflows, attracting a record $1.12 billion of the total, reflecting the hype of recent events and a growing appetite for regulated BTC exposure among traditional investors.
More and more people are definitely weighing in on spot Bitcoin ETFs, showing that investors are starting to prefer safe and regulated Bitcoin-based financial products over direct exposure.
This increased interest is a sign that the retail side of the market is moving towards digital assets, especially as institutions like BlackRock offer access to cryptocurrency through structured and compliant investment vehicles.
Meanwhile, this ETF-driven activity parallels Bitcoin's upward momentum, with the cryptocurrency hitting all-time highs for three consecutive days.
$76,999 per Bitcoin
According to Binance Futures, BTC price hit a recent high of $76,849.99, while Coinbase (NASDAQ:) records showed an even slightly higher high of $76,999, underscoring how the asset continues to gain as interest in investors becomes abnormal.
Ethereum-based ETFs have also caught the attention of investors, recording the third-highest single-day inflow in history, generating $79 million during the latest trading session.
This development suggests that interest in cryptocurrency-backed financial products may extend beyond Bitcoin, suggesting a more diversified approach by investors looking to leverage a broader range of digital assets or trying to catch up through the beta version, as it is significantly behind BTC in terms of price. action.
This article was originally published on U.Today.
