In just over a year since their launch, US-based spot Bitcoin 
$104,592 ETFs have attracted a staggering cumulative investment of $39.94 billion. Weekly data reveals that the total net asset value of these funds has exceeded $123.1 billion, setting a new record. Particularly, BlackRock’s iShares Bitcoin Trust has maintained the lead with a weekly inflow of $1.32 billion, showcasing its dominance in the market. Market experts highlight that Bitcoin’s (BTC ($101,843.00)) stability above $100,000 and political developments are the primary drivers of this surge.
Why Are Bitcoin ETFs So Appealing?
In the past seven trading days, the ETFs have seen a total inflow of $1.76 billion, rekindling investors’ confidence in the cryptocurrency market. Following BlackRock, Fidelity’s ETF FBTC ($101,053.00) attracted $202.2 million, while Ark and 21Shares’ ETF ARKB garnered $172.6 m...
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