"Bitcoin ETFs Surge as Retail and Hedge Funds Drive Record $673 Million Inflows"
TL;DR Summary
Bitcoin ETFs, including BlackRock's newly approved fund, saw a record $673 million in inflows in one day, with over $612 million going into BlackRock's fund alone. The surge in interest comes as Bitcoin's price reached new highs, hitting $63,434 before a flash crash brought it back down to under $61,000. Institutional and retail investors are driving the interest in these funds, with investment firms also looking towards potential Ethereum ETFs.
Topics:business#bitcoin#blackrock#cryptocurrency#cryptocurrency-investment#etf#institutional-investors
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