Bitcoin Falls Below $94K Amid Surge in ETF Investments

Bitcoins Value Falls Below $94,000 Amid Surge, in ETF Interest

Bitcoin value dropped to under $94k during the weekend with a surge in investments into Bitcoin spot exchange-traded funds (ETF). ETF saw a record-breaking $3.06 billion inflow by the end of the week. The highest since November 2024.

During the time this was written down Bitcoins value was $93 982, as per CoinGecko. This increase in investment pushed up Bitcoin ETF assets to $109.27 billion, which is 5.8% of the Bitcoin market value according to data from SoSoValue.

BlackRock’s iShares Bitcoin Trust (IBIT) with daily purchases totaling $240.15 million and assets reaching $56.03 billion in value took the lead in investment activities for the day. Following behind was Fidelity’s FBTC with inflows of $108.04 million and total assets amounting to $19.12 billion. ARK 21Shares Bitcoin ETF (ARKB) as Grayscales recently converted Bitcoin Trust (GBTC) also played a part in the investment landscape; however, GBTC noted some net withdrawals during this period.

Bitcoin Exchange Traded Funds (ETF) are experiencing a rise in both investor interest and trading volume lately. In the week alone the trading volume has exceeded $18.76 billion. Than twice the amount from the week prior.

Since the beginning of Bitcoin spot ETF existence has received a total of $38.43 billion in inflows showing trust from institutional investors even with the recent drop in Bitcoin price.