The US Bitcoin spot exchange-traded fund (ETF) has witnessed a substantial inflow of funds amounting to $2.22 billion this week. This development is particularly significant as it has been led by major financial players such as BlackRock and Fidelity. The surge in investment indicates a growing confidence in Bitcoin as an investment asset.
Reported by COINOTAG, the data from Farside Investors highlights this major inflow, suggesting a robust interest in Bitcoin among institutional investors. The move is seen as a positive indicator for the cryptocurrency market, showing potential for further growth and adoption.
