Since the launch of spot bitcoin ETF In the US in January 2024, European investors invested more than $105 billion in funds. Bloomberg senior stock market analyst Eric Balchunas drew attention to this record figure.
Influx of European investors into US-launched bitcoin ETF is now a record $105 billion since the start of this year. And why not? The U.S. fund SPY is up 24% compared with 10% in Europe. Record flows are also heading to Asia, said a respected stock analyst.
Inflows into US spot bitcoin ETF from other countries
Despite a record inflow of funds from investors in Europe, Bitcoin (BTC) has failed to rise above the psychological level of $70, which was recorded on July 000, 29.
Analysts Bitfinex explained this by the delayed effect. In their opinion, it may take several days before the influx of funds into ETF will affect the spot price of BTC.
This usually means that there is a large influx of funds into ETF has little impact for a few days and then the market reverses once spot buying aggression eases, analysts said.
Meanwhile, American spot Bitcoin - funds record sixth day of inflows in a row.
