Bitcoin exchange-traded funds (ETFs), a stock market investment that tracks the price of Bitcoin, attracted over $2.5 billion in investments this week as the original cryptocurrency rebounded to new highs.
Bitcoin ETFs saw their largest inflows in weeks as the underlying currency reclaimed its recent losses and achieved a new all-time high of $111,000 on Thursday. IBIT, the Bitcoin ETF issued by asset management giant BlackRock, raked in $877 million on Thursday, the largest single day inflow of any ETF in history, according to Eric Balchunas, an ETF analyst at Bloomberg.
