Bitcoin has reached new record highs, with institutional confidence soaring, as evidenced by a streak of positive ETF inflows. On December 16, Bitcoin spot ETFs saw a net inflow of $637 million, marking the 13th consecutive day of inflows, according to data from SoSoValue. This continued investment influx coincides with Bitcoin’s record-breaking price surge, highlighting a growing belief in the cryptocurrency’s long-term value.
Leading the charge is BlackRock’s IBIT ETF, which recorded the largest single-day inflow of $418 million, bringing its total net inflow to $36.3 billion. Fidelity’s FBTC followed with $116 million in inflows, increasing its total to $12.4 billion. Meanwhile, Grayscale’s GBTC continued its upward trajectory with a net inflow of $17.65 million, with Bitwise’s BITB and Ark’s ARKB also contributing significantly to the overall institutional participation.
Bitcoin’s price hit an all-time high of nearly $107,000 on December 16, driven in part by pro-cryptocurrency signals from President-elect Donald Trump, who has expressed plans to establish a strategic Bitcoin reserve in the United States. This move has further boosted investor confidence in the market.
Currently, the total net asset value of Bitcoin spot ETFs stands at $120.7 billion, representing 5.76% of Bitcoin’s market capitalization. Experts are now forecasting that Bitcoin’s value could reach as high as $250,000, propelled by ongoing ETF inflows and favorable legislative developments.
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