U.S. Bitcoin Spot ETFs Surpass $100 Billion in Cumulative Trading Volume
On March 8, the U.S. spot bitcoin ETF surpassed $100 billion in cumulative trading volume, according to the latest data. Cumulative trading volume for spot bitcoin ETFs reached a record $22.3 billion last week. The three most popular products in terms of volume were those offered by BlackRock, Fidelity and Grayscale. On Tuesday, as Bitcoin reached an all-time high above $69,000 for the first time since November 2021, BlackRock funds set a new daily inflow record of $788.3 million.
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U.S. equity funds attracted $39 billion in inflows in a single week, pushing the annualized scale toward a historic high, while U.S. Treasuries also saw capital inflows for 16 consecutive weeks. However, Bank of America strategist Hartnett warns that due to rising real yields, the performance of AI and banking stocks, and the volatility of the midterm elections, there is still a preference for risk aversion in the coming weeks.
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