Financial reports from ETF providers and market data aggregators

US Bitcoin ETFs Surpass $100 Billion as Bitcoin Climbs Above $97,000, Breaking Previous Highs

Nov 21, 2024, 07:12 AM

US exchange-traded funds (ETFs) that invest directly in Bitcoin have surpassed $100 billion in total assets, marking a significant milestone as Bitcoin continues its record-breaking rally. The cryptocurrency recently climbed to over $97,000, breaking through previous highs of $95,000 in under an hour. This surge in Bitcoin's price has contributed to the substantial growth in ETF assets, reflecting increasing investor interest in cryptocurrency markets.