Posted 3/1/2024, 2:10:00 PM
Bitcoin ETFs See Record Inflows, Pass $10B Assets as Crypto Frenzy Returns
- Bitcoin ETFs hit record $612M single-day inflow into BlackRock's fund, crossing $10B AUM
- Volumes reached $4.7B Thursday after hitting high of $7.7B Wednesday amid frenzy
- Comes after years of denied Bitcoin ETF applications and Grayscale lawsuit paved way
- Prices topping $63K as ETFs drive demand not seen since last bull run when BTC hit nearly $70K
- Possible headwinds ahead like Grayscale outflows and upcoming BTC halving event predicted to push price back down
