Record week for Bitcoin ETFs: This past week, Bitcoin Exchange-Traded Funds (ETFs) experienced a record-breaking week since their inception. Data shows that these ETFs purchased over 3.3 billion USD worth of Bitcoin. Bitcoin traded above 90,000 USD, and the funds bought over 30,000 Bitcoin, ten times the amount of newly produced Bitcoin. This marks an important milestone in the development of Bitcoin ETFs.

Slight drop afterwards: Although there was strong initial growth, momentum slowed with a withdrawal of 438 million USD from Bitcoin ETFs the following week. These funds, while smaller than larger ones like the Vanguard S&P 500 ETF, maintain their position among the most successful funds.

Growth and new records: Bitcoin ETFs continue to set records, like BlackRock’s iBIT reaching a market value of 40 billion USD in just 211 days. The record inflow coincided with BlackRock launching new ETF options. These options allow investors to buy or sell Bitcoin at specific prices on set dates, without needing specialized platforms.

Bitcoin’s rebound this year: Bitcoin hit 73,000 USD in March and reached an all-time high near 100,000 USD. Influencing factors included the Republican victory in the U.S. election and central banks lowering interest rates. ETFs have significantly contributed to this recovery, mainly due to investments from large institutions.