Bitcoin Price: $60B Crypto ETF Surge Boosts BTC Outlook Amid Fed Policy Shift
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
As cryptocurrency exchange-traded funds (ETFs) dominate 2024’s top launches, the surge in investment, particularly in Bitcoin ETFs, signals growing market confidence in digital assets.
With total net assets in Bitcoin and Ethereum ETFs now surpassing $60 billion, this trend could significantly influence Bitcoin price predictions.
The influx of capital into these ETFs reflects a broader acceptance and could potentially drive Bitcoin prices higher as investor interest grows.
Thirteen of the top 25 ETF launches in 2024 have been cryptocurrency exchange-traded funds (ETFs), according to Nate Geraci, president of The ETF Store. The spot Bitcoin ETFs were the most popular among the nearly 400 new launches this year.
Top-performing: BlackRock’s iShares Bitcoin Trust, which has taken in almost $21 billion in new money; two other funds have netted about $2 billion and Fidelity’s Wise Origin Bitcoin Fund with around $10 billion.
On the Ethereum front, iShares Bitcoin Strategy is seeing inflows that total more than $1 billion.
Read more on cryptonews.com
