Bloomberg Analyst Attributes Surging Bitcoin ETF Inflows to FOMO Frenzy

CAT October 30, 2024 1 min read

Muthoni Mary Kiama

Spot Bitcoin (BTC) exchange-traded funds (ETFs) have performed well in recent weeks, with consecutive inflows attributed to the recent surge in Bitcoin prices. At press time, these ETFs had $72.55 billion in net assets, equivalent to 5% of Bitcoin’s total market capitalization. On October 29, BlackRock’s iShares Bitcoin Trust (IBIT) ETF had its best day […]

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Bloomberg Analyst Attributes Surging Bitcoin ETF Inflows to FOMO Frenzy

Tags: #bitcoin #blockchain #cryptocurrency #eth btc Ethereum

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