Bitcoin Rally: US ETF Assets Surpass $100 Billion Milestone
In the United States, exchange-traded funds (ETFs) that invest directly in Bitcoin have shown impressive performance over the past 10 months, surpassing $100 billion in total assets. As Bitcoin continues to test record levels, a group of 12 Bitcoin ETFs offered by major financial institutions such as BlackRock and Fidelity Investments has become one of the most successful fund categories since its launch in January.
According to Bloomberg data, these ETFs recorded a remarkable growth with net inflows of $773 million, fueled by Bitcoin's rise. Today, Bitcoin approached the $100,000 threshold, generating excitement among investors. Former President Donald Trump's plans to promote the growth of the crypto industry played a role in this increase. A notable development in the sector is Trump's transition team's plan to establish a team focused on digital asset policy at the White House.
Bitcoin's rapid rise has been significant, with the cryptocurrency showing a 3.4% increase today, reaching $98,384, and providing net inflows of $5.8 billion into ETFs since election day. By 2024, Bitcoin has demonstrated superior performance compared to other asset classes, recording an increase of over 129%. The market capitalization of the largest cryptocurrency is also approaching $2 trillion.
The cryptocurrency continues to attract investor interest, now only 2.5% away from $100,000. Bitcoin's 24-hour trading volume reached $100.8 billion, reflecting strong investor engagement.
During Bitcoin's impressive rally, derivative markets also experienced a lively period. In the last 24 hours, a total of $457.15 million was liquidated in the crypto futures markets. Short positions in Bitcoin reached $99.43 million, while long positions totaled $25.74 million. Binance recorded a single large liquidation order valued at $4.63 million in the ETH/BTC trading pair.
Analysts attribute this price increase to the overall rise in institutional interest and demand stemming from limited supply. However, experts noted that the market maintains its volatile nature, highlighting the recent liquidation of 160,255 investors. Whether Bitcoin will surpass the psychological and technical barrier of $100,000 is being closely monitored by market participants. Bitcoin's ascent continues to captivate global investors, fueling discussions about the future of decentralized finance and blockchain technology.