Grace Chen, CEO of the famous Cryptocurrency Exchange, revealed a major landmark of the Bitcoin ecosystem at X Publishing on Monday.
According to mailThe Instant Bitcoin Investment Funds exceeded a cumulative flow of $ 40 billion as of May 19, as they built strong confidence between retail investors and institutions.
More than 40 billion dollars is a teacher
With 12 points of investment funds circulating in Bitcoin, which collectively combine flows of tens of billions since its launch in early January 2024, institutional interest in Bitcoin is still strong despite the fluctuations of the periodic market.
After the last upward movements in the leading cryptocurrencies, the investment funds circulating in Bitcoin continue to attract a large capital. Data From the famous encryption tracking platform, Sosoperue Noters ETF appears a total flow of $ 260.27 million on May 16.
IBIT of Blackrock led the charge of a large flow of $ 129.73 million, followed by FBTC’s FBTC and Ark & 21Shares’ ARKB, which recorded 67.95 million dollars and $ 57.98 million, respectively.
As of May 16, the total cumulative flows across all 12 investment funds reached 41.77 billion dollars.
This historical flow indicates the transformation of Bitcoin into a group of strategic assets that are increasingly adopted by institutional giants and major financial companies.
Institutional demand missiles on bitcoin
Grace Chen emphasized the broader influence of this teacher on the encryption market, saying it reflects the increasing institutional confidence, especially in Bitcoin.
She described the current trend as “the most consistently consolidated cycle in the history of encryption”, while highlighting how institutional capital flow can lay the foundation for a long -term tour.
While Bitcoin has recently shown mixed market signals, traders remain optimistic. Data from CoinmarketCap show Bitcoin trading in green, with an increase in the price of 1.74 % over the past 24 hours, which prompted its current price to $ 105,450.90 from the time of the press.
