masoud 🎩 🔵 🐹
@masoudn
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Bitcoin exchange-traded funds saw a positive shift this week, attracting $2.73 billion in inflows, with analysts expecting even greater momentum as Bitcoin has managed to surpass $100k.
The 12 Bitcoin ETFs recorded positive inflows throughout the week, driven by optimism about a more crypto-friendly regulatory environment under President-elect Donald Trump, who recently appointed pro-crypto former federal regulator Paul Atkins as SEC chair, succeeding the anti-crypto Gary Gensler.
The highest inflows of the week, totaling $766 million, were recorded on Dec. 5, alongside a 50% surge in daily ETF trading volume, as Bitcoin soared past the elusive $100K mark to a new all-time high of $103,679—a milestone widely celebrated by the crypto community.
However, inflows into spot BTC ETF offerings dipped to $376.59 million on Friday, Dec. 6, as Bitcoin, the flagship crypto asset, dropped below $97,000, with the market experiencing liquidations exceeding half a billion dollars in a single day. 1 reply
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Bitcoin Pumps Above $97K, Then Dumps, as Ether, XRP Surge 7%
Crypto majors surged overnight before the Thanksgiving holiday, which has historically delivered
What to know:
Bitcoin briefly exceeded $97,000, sparking discussions about reaching $100,000, but later fell to about $95,500.
ETH outperformed as Ethereum has seen a significant increase in activity, with on-chain volumes, new wallet creations, and revenue all rising.
Some traders point out broader market optimism following the nomination of Scott Bessent as Treasury Secretary by President-elect Trump. 0 reply
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