🎉 Bitcoin ETFs Break $20B Barrier! 🎉
- US spot Bitcoin ETFs have hit a whopping $20 billion in total net flows as of Oct. 17, despite Bitcoin's price being in a seven-month slump.
- Eric Balchunas, a senior ETF analyst at Bloomberg, highlighted this milestone as the "most difficult metric to grow" in the ETF world.
- In just 10 months, Bitcoin ETFs achieved what took gold ETFs five years, showing massive investor interest.
- While Bitcoin's price hasn't budged above $68,300 since June 2024, the ETF inflows tell a different, more optimistic story.
Keep hodling, folks! 🚀