$BTC ETF demand hits $337.6M – But THESE 2 issuers dominate bid
Bitcoin’s recovery is drawing stronger regulated demand as investors absorb BTC faster across U.S. and European investment products
Bitcoin’s move upward past $80k is gaining steam with ETF subscription growth as well as a recent pullback in Bitcoin.
The U.S. Spot Bitcoin ETFs have absorbed $337.6 million in new subscriptions for the third straight week. This represents six weeks of consecutive inflows totaling about $2.26 billion.
That matters because steady subscriptions create persistent buying demand, helping absorb available Bitcoin [BTC] as price pushes through resistance.
According to Farside data, BlackRock’s IBIT led with $208.9 million, while Fidelity’s FBTC added $104.6 million.
Needless to say, this represented the largest concentration of investment capital into these two institutions. Furthermore, they have also been the primary sources of the majority of the investments so far this year.
#BTC
Bitcoin’s recovery is drawing stronger regulated demand as investors absorb BTC faster across U.S. and European investment products
Bitcoin’s move upward past $80k is gaining steam with ETF subscription growth as well as a recent pullback in Bitcoin.
The U.S. Spot Bitcoin ETFs have absorbed $337.6 million in new subscriptions for the third straight week. This represents six weeks of consecutive inflows totaling about $2.26 billion.
That matters because steady subscriptions create persistent buying demand, helping absorb available Bitcoin [BTC] as price pushes through resistance.
According to Farside data, BlackRock’s IBIT led with $208.9 million, while Fidelity’s FBTC added $104.6 million.
Needless to say, this represented the largest concentration of investment capital into these two institutions. Furthermore, they have also been the primary sources of the majority of the investments so far this year.
#BTC