The Bitcoin Koers currently breaks all records and ticked the level of 123,300 dollars on Monday. Bitcoin owes that course to, among other things, the ETFS in the United States, which won 4.4 billion dollars in the last nine trading days. That too is good for an absolute record.
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Where does this stop for Bitcoin?
The big question is of course true and how this will stop for Bitcoin. The momentum seems extremely powerful for the digital currency, after another inflow of 403 million dollars was realized on Tuesday.
Blackrock’s IBIT was of course again the winner of the day with an influx of $ 416.35 million. Number two, the Vaneck Hodl, had to do with 19 million dollars in inflow.
There were also stroking on the other hand. Grayscale’s GBTC had to record an outflow of 41.22 million dollars, while Fidelity lost 23 million dollars.
In total, the Bitcoin ETFS has now won $ 53.07 billion since the launch in January 2024. If that continues this way, it will not take long before the Bitcoin ETFS is greater than that of gold.
There is no alternative to Bitcoin
According to Min Jung of Presto Research, the conclusion is clear after this powerful period of Bitcoin: “This stable question has strengthened the unique position of Bitcoin within the world of digital assets. The feeling that there is no alternative to Bitcoin is only getting bigger.”
During the previous cycles it was still regularly about “De Flippening”, which meant people to overtake Bitcoin by Ethereum. Now we are a few years later and no one dares to think about it anymore.
Ethereum has still not succeeded in breaking his all-time high of 2021. It stands at nearly 5,000 dollars, while the price is currently coming in at $ 3,164.
Bitcoin, on the other hand, has long broken its all-time high of $ 69,000 from 2021 for a long time. In fact, the Bitcoin course has almost doubled since then.
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Source: https://newsbit.nl/bitcoin-etfs-halen-44-miljard-op-in-9-dagen-absoluut-record/
