European investors have shown a significant interest in US Bitcoin ETFs, having invested a record $105 billion. This influx of funds indicates a strong confidence in the potential of Bitcoin to generate returns.
Despite this hefty investment, the price of Bitcoin has struggled to surpass the psychological $70,000 level, a threshold it has not exceeded since July.
This situation highlights a divergence between investor expectations and market performance, reflecting the complexities and volatility inherent in the cryptocurrency market.
