Cryptocurrencies
US Bitcoin ETFs Get Third-Highest Inflow With Token Near Record
- About $870 million flowed into the grouping of 12 Bitcoin ETFs
- Some see the token as a bet on pro-crypto Trump’s election bid
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US exchange-traded funds investing in Bitcoin saw an $870 million net inflow, their third-highest daily haul, as the digital asset flirts with a record high amid speculation about the potential outcome of the US election.
The subscriptions on Tuesday lifted year-to-date inflows for the group of 12 funds to more than $23 billion, according to data compiled by Bloomberg. The issuers of the ETFs include the likes of BlackRock Inc. and Fidelity Investments.