The boxes circulating in the exchange of bitcoin, or the circulating investment funds, had risen a strong week as the flows rose to a record level.
Investors added $ 2.7 billion to the Bitcoin (BTC) investment funds, which is the largest weekly increase since April when they added $ 3.06 billion.
This money now had six consecutive weeks, which raised the cumulative flows since its establishment to 44.53 billion dollars. They all have $ 131 billion assets, equivalent to 6.24 % of bitcoin evaluation.
IShaares Bitcoin ETF, whose IBIT code had a cumulative flow of $ 48 billion, now has more than $ 71 billion of assets. FBTC’s FBTC, which has $ 21 billion, and Grayscale 21.7 billion dollars. Other big money is from Ark Invest, BitWise and VANECK.
Interestingly, 16 -month -old Ibit is joined with SPDR Gold Shares Etf, which has been present since 2004. Gld ETF had $ 4.9 billion of flows this year, up to a total of $ 100 billion. As such, if this trend continues, this means that Ibit ETF will turn GLD in the next months or years.
Etfs Bitcoin may also pass their golden counterparts in the coming years. According to the World Gold Council, global assets jumped under the management of the investment funds circulating to more than 345 billion dollars, such as price gatherings.
Bitcoin was in a strong upward trend this year. On Wednesday, she jumped to a record level of about $ 112,000. On Friday, it fell to $ 10,500 after President Donald Trump threatened a 50 % tariff on European goods and imposed 25 % on Apple products.
Analysts remain optimistic that the price of bitcoin has more space, as the supply and demand dynamics help it. The request continues from the circulating investment funds and companies to rise, while the display continues to decline. The mining also increases, which reduces the number of coins coming to the market.
The ARK Invest analyzes expect that the BTC price will jump to $ 2.4 million by the end of the contract, while Standard Chartard sees it up to $ 200,000 this year.
