The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
 
 
 
 
 
 
 
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 
 
 
 

Bitcoin starts week with $600 million ETF inflow amid $107k all-time high

Tags: digital new
DATE POSTED:December 17, 2024

Bitcoin began the week with a notable $636 million inflow, reaching a new all-time high of $107,700 on Dec. 16. This marks another milestone for the digital asset after briefly consolidating around the $100,000 level in recent weeks.

Spot Bitcoin ETFs played a significant role in Monday’s market activity, recording a combined inflow of $636.9 million. BlackRock’s IBIT led with $418.2 million, followed by Fidelity’s FBTC at $116.1 million and Bitwise’s BITB at $30.7 million. ARK Invest’s ARKB saw $47.7 million, while Grayscale’s GBTC contributed $17.6 million. No funds reported outflows.

The surge emphasizes Bitcoin’s continued upward trajectory amid increasing institutional adoption and robust demand for spot ETFs. Since surpassing $100,000 on Dec. 5, Bitcoin has maintained strong market momentum despite periods of minor retracement, remaining within 10% of its all-time high.

At the time of reporting, Bitcoin trades near $107,000.

The post Bitcoin starts week with $600 million ETF inflow amid $107k all-time high appeared first on CryptoSlate.

Tags: digital new