Investors pile into Bitcoin ETFs as Bitcoin’s price hovers near all-time high
The money traded on the Bitcoin Stock Exchange (ETFS), an investment in the stock market that tracks the price of Bitcoin, attracted more than $ 2.5 billion of investments this week with the original cryptocurrency recovery to its highest new levels.
Bitcoin’s investment funds have witnessed their largest flows in weeks, as the basic currency regained its recent losses and got the highest new level ever at $ 111,000 on Thursday. IBIT, ETF Bitcoin issued by the Blackrock Asset Giant, which represents $ 877 million on Thursday, the largest flow of any investment funds circulated in history, according to Eric Balunas, ETF analyst in Bloomberg.
“Ibit $ is first among all investment funds circulating in flows yesterday,” Balunas wrote on Friday. The purchase procedure was attributed to the excitement about the highest new level in Bitcoin ever, saying that the achievement is “a secondary product of the drought caused by ATH.”
Bitcoin rose to its highest level after president Trump retracted the customs duties on Chinese imports from 145 % to 30 % last week, a major escalation of the commercial war looming between the two countries. However, the currency fell to $ 108,000 on Friday, as Trump threatened to impose additional fees on the European Union.
Financial markets were severely beaten in early April when Trump announced a large number of signs on almost all foreign imports, as well as a 10 % foundation tariff. After this announcement, investors of risky assets such as Bitcoin and stocks have fled with fears that the tariff tariffs will increase inflation and disrupt global supply chains. However, with Bitcoin’s decrease in addition to the collapse of the historic stock market, Trump authorized a temporary stop for 90 days on most of the customs tariffs-in maintaining Chinese imports and a 10 % basic tax-as he negotiates with foreign countries.
Since then, the stock market has been volatile as Trump has been participating in commercial talks with China, the United Kingdom, the European Union and others, but bitcoin continued to rise steadily. Some leaders of the encryption argue that the difference of bitcoin from the stock market proves its value as a separate currency from inflation because it is not governed by a central entity.
Matt Hogan, chief investment official at ETF Issuer BitWise, said, luck Bitcoin is an effective hyperplasia, very similar to gold. He said that investors are rushing to the investment funds circulating in Bitcoin to protect their governor from inflation and other macroeconomic factors that affect traditional currencies in traditional currencies.
Hagan said: “Bitcoin proves splendor as Macro’s hedge against Fiat Fiat at the moment the world wakes up to the need for this hedge.”
This story was originally shown on Fortune.com
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2025-05-23 17:24:00
