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Investments in Bitcoin spot exchange-traded funds (ETFs) have surpassed $20 billion. This follows four consecutive days of funding for US-based ETFs. Data from Farside Investors reveals these Bitcoin ETFs have collected $20.26 billion since their American opening on January 11. In the past four days alone, approximately $1.64 billion has been channelled into ETFs managed by entities including ARK 21Shares, Invesco Galaxy, and BlackRock. The latter recorded high funding, with $393.4 million on October 16. Despite excitement among crypto-enthusiasts, some have cautioned that large inflows don’t necessarily yield sustained price increases.

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So, total investments flowing into Bitcoin spot exchange-traded funds (ETFs) have crossed the $20 billion mark. This comes after the ETFs, based in the U.S., gained fresh funding for four days straight.

These Bitcoin ETFs have raked in a whopping $20.26 billion since they first opened up in America on January 11th, according to data from Farside Investors.

In just the last four days, around $1.64 billion has flowed into 11 ETFs being managed by ARK 21Shares, Invesco Galaxy, VanEck, WisdomTree, Fidelity, Valkyrie, BlackRock, Grayscale, Bitwise, Hashdex, and Franklin Templeton. Pretty impressive!

BlackRock, the largest asset manager globally, had a standout day on Oct. 16 where they clocked in $393.4 million in funding. This was the heaviest inflow since July 22, when they drew $526.7 million.

Crypto enthusiasts seem pumped about this surge in investments. A crypto-trader, Crypto Lord, told his large following that they “are not bullish enough,” highlighting that this breakthrough in Bitcoin ETFs reaching $20 billion marks the “fastest growth in ETF history.” Nate Geraci, the president of ETF store, also expressed excitement, noting that the ETFs are “just vacuuming up $$$.”

Bitcoin fanatic Chetan Kaul excitedly wondered if we might see “$30 billion by the end of the year.”

Despite all this excitement, not everyone’s completely convinced. As the total investments in Bitcoin ETFs broke $20 billion, Bitcoin’s price flew past an important $65,000 checkpoint. Amr Taha, a CryptoQuant contributor, warned that large inflows don’t necessarily result in lasting price boosts. He raised the flag that “Positive netflows above 400M USD in Bitcoin ETFs do not always lead to sustained price increases and, in many cases, have historically coincided with price corrections.”

What does this all mean? Only time will tell. But remember, investing always come with risk, don’t put all your eggs in one basket and only play with money you can afford to lose.

Source: Cointelegraph