Skip to main content

🚀Join the Revolution as Bitcoin Surges Above $60,000! Don't Miss Out on this Historic Opportunity. Trade Bitcoin Today and Ride the Wave of Incredible Profits!💸

Bitcoin's new records in investment inflows

21 Feb, 2024 3 min read
new-bitcoin-records-main

Investment interest in Bitcoin is reaching new heights. The net inflow of investments into ETFs last week was a record-high $2.45 billion and $5.2 billion in total since the beginning of the year.

Image source: coinshares.com

Freshly launched spot ETFs performed well, with BlackRock leading the way with $6.2 billion under management, followed by a product from Fidelity with $4.5 billion. Combined, the two funds beat Grayscale's $7 billion outflow (GBTC).

Image source: coinshares.com

It's worth remembering that the outflow from GBTC is not related to the investment appeal of the cryptocurrency but is caused by a significant discount on the shares against the underlying asset in 2023 and increased fund management fees if compared to competitors. The reduction in GBTC's 'blood-letting' is a positive factor.

Image source: twitter.com/NateGeraci

The growth of open interest (the total volume of all open positions) in futures on the Chicago Mercantile Exchange (CME) to $6.8 billion was another record for Bitcoin. Like the growth of inflows into ETFs, this indicates increased interest in the cryptocurrency among institutional investors.

Image source: coinglass.com

According to CryptoQuant, over 70% of all Bitcoin investments in recent weeks have been generated by US ETFs. As a result, the share of US capital by market depth has increased from an average of 40% in 2023 to 50%. And the indicator increased from $454 million to $539 million in 2024.

For reference, market depth is the total volume of open orders from the current price in both directions (in this case, by 2%). The greater the indicator is, the more resistant the asset is to market manipulations and the more restrained volatility is.

Image source: kaiko.com

This surge of interest has led to Bitcoin's 22% growth in 2024. In addition, most forecasts predict a new all-time high and reaching the six-figure level as early as this year.

Image source: StormGain Cryptocurrency Exchange

On 19 February, former US intelligence official Edward Snowden called Bitcoin the most significant achievement in the history of money.


StormGain Analytical Group 
(platform for trading, exchanging and storing cryptocurrency)


Register on StormGain Now

Exchange BTC

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Mining icon
Want Bitcoin for free?

Try our Bitcoin Cloud Miner and get additional crypto rewards based on your trading volume. It's immediately available upon registration.

Start mining

Join StormGain

the most comprehensive platform for investing in crypto. Buy, store, trade, exchange, earn and learn about crypto in a single tap.

Register Now

StormGain uses cookies for its website. You can continue browsing by accepting our cookie policy. Click here for more info.

Сайт та всі послуги StormGain доступні також українською мовою.

Перейти