Saltık Spot Bitcoin exchange-traded funds (ETFs) in the U.S. have reached a significant milestone, surpassing $20 billion in total net flows as of October 17, 2024, despite Bitcoin’s ongoing seven-month price downtrend. This achievement highlights growing investor interest in Bitcoin ETFs, which saw an inflow of $1.5 billion in a single week, according to Eric Balchunas, senior ETF analyst at Bloomberg.
While these ETFs have gained considerable traction, the price of Bitcoin has remained below $68,300 since June 2024 and has been in a downward trend since March 2024. Despite the surge in ETF investments, Bitcoin has struggled to regain momentum.
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The rapid growth of spot Bitcoin ETFs—crossing the $20 billion milestone in just 10 months—underscores strong demand for these investment products. By comparison, it took gold ETFs around five years to reach the same level of net flows, illustrating how quickly Bitcoin ETFs are attracting capital relative to other traditional assets.
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