US Bitcoin Bag (ETF) funds (ETFs) maintain a lasting impulse and bring a currency price rise to a historic maximum of $124,450 (ATH) as they maintain a lasting impulse and exceed $120,000.
Yesterday, October 2nd Bitcoin AlCaéETF has won $627 million with net ticketsI will mark a positive flow for the fourth consecutive day.
The following graphics provided by Sosovalue show how capital streams have come and go from Bitcoin ETFs over the past six months.
BlackRock-managed Ishares Bitcoin Trust (IBIT) led tickets with $466 million. The fund was also positioned among the 10 major ETFs by trading volume yesterday, and stood out for its operational activities.
Furthermore, as reported by Cryptonoticias, IBIT was one of the 20 largest ETFs of managed assets, exceeding $90,000 million.
The Fidelity Wise Origin Bitcoin Fund (FBTC) raised $89 million, while the Ark 21 Shares Bitcoin ETF (ARKB) raised $45 million. Other funds that added between $1 million and $11 million; A total of $2.2 billion tickets will be merged.
This capital flow directly promoted the price of Bitcoin. It reached $120,400, a level not seen since August.
The relationship between ETF and BTC prices is clear. Managers of these funds earn Bitcoin to support their actions.
As demand for these products increases, companies will need to buy more BTC in the market. This move, complies with supply and demand laws, will increase the value of digital currency and consolidate the upward trend.
