Bitcoin breaks records
Following behind were Grayscale’s Bitcoin Mini Trust with $55.71 million, Fidelity’s FBTC with $17.27 million, and Bitwise’s BITB ETF, which drew $6.44 million in investor capital.
However, the bullish trend was not universal. Grayscale’s flagship GBTC ETF stood as the outlier, recording $94.31 million in outflows on the same day. Since its inception, the fund has experienced total net outflows of $20.64 billion
The momentum extended to trading activity, with total ETF trading volumes surging to $4.71 billion on Dec. 4, a significant leap from the $2.93 billion recorded the previous day.
Bitcoin, the world’s largest cryptocurrency, broke through the elusive $100,000 mark for the first time, reaching an all-time high of $103,679 on Dec. 5. The rally was buoyed by signals of support for the sector from President-elect Trump