European investors pour record $105B into US Bitcoin ETFs
2024-10-21

European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States.
Europeans invested over $105 billion year-to-date (YTD) into spot Bitcoin BTCUSD ETFs, marking a new all-time high.
The record European ETF flows were shared by Eric Balchunas, a senior ETF analyst at Bloomberg, who wrote in an Oct. 21 X post:

Growing ETF inflows could push Bitcoin to a new all-time high, from its current crab walk. Inflows into US Bitcoin ETFs accounted for approximately 75% of the new capital that helped Bitcoin surpass $50,000 in Feb. 2024.
Despite the record European inflows, Bitcoin price is unable to recover above the $70,000 psychological level, last visited on July 29, Bitstamp data shows.
This is a developing story, and further information will be added as it becomes available.