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Matrixport: Bitcoin ETF fund inflows hit a new high, 100,000 dollar mark confidence burst

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2024-12-02 07:16:26
Matrixport released today's chart saying that the monthly inflow of bitcoin spot ETF funds has soared to $6.50 billion, a record high, far exceeding the record of any previous month.
As the price of bitcoin continues to rise, it has attracted more investors to enter the market. Especially on Wall Street, the price of bitcoin continues to hit new highs, and investors in bitcoin ETFs are now fully profitable. With the $100,000 mark at hand, the market heat is still rising.
Risk managers who had previously approved an increase in the cap on bitcoin ETFs were clearly satisfied with the market performance and have reaped the rewards. This decision also lays a solid foundation for portfolio managers to further increase their bitcoin allocations in early 2025.
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