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Renewed optimism sweeps through the cryptocurrency market as U.S. spot Bitcoin exchange-traded funds (ETFs) captivate investors, amassing over $2 billion in the last two weeks. Fueled by a significant spike in the Crypto Fear and Greed Index to 74, the highest since late June, the market sees a bullish trend with Bitcoin’s price soaring to $66,800.
This impressive influx of funds continues unabated, with $301 million entering various Bitcoin ETFs on Monday alone. Notably, BlackRock’s IBIT dominates, pulling in approximately $706 million this week, and securing $1.2 billion in the past two weeks. This substantial growth accounts for half of the total flows into eleven spot funds, reinforcing IBIT as the largest fund with nearly $22 billion in assets under management.
Despite some funds experiencing outflows, the overall trend remains overwhelmingly positive. U.S. Bitcoin ETFs have notched eleven consecutive days of net inflows, indicating a robust investor confidence and a bright future for cryptocurrency investments in the mainstream financial arena.
