Bitcoin exchange-traded funds (ETFs) have rapidly surged past the $20 billion milestone in just 10 months since their approval in January 2024. Current total net inflows stand at $20.2 billion, despite $20 billion exiting Grayscale’s fund amidst a shift towards cheaper ETFs. Grayscale's product, transitioning from a closed-end fund, led to significant redemptions, but with cash movements stabilizing, new inflows have emerged, totaling nearly $2 billion recently. BlackRock's iShares Bitcoin Trust leads the pack, attracting over $22.4 billion. Notably, ETF flows provide insight into investment performance and trends, illustrating a strong market reception compared to previous records, such as gold ETFs, which took five years to achieve similar inflows. Following the SEC's approval and a subsequent rate cut by the Federal Reserve, investors have regained interest in cryptocurrencies, pushing Bitcoin to a current price of approximately $67,373, and highlighting the ongoing volatility and opportunities within the digital asset space.

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