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Global crypto ETFs attract record US$5.95 billion as bitcoin scales new highs
Exchange-traded funds (ETFs) tracking crypto assets drew record inflows of US$5.95 billion globally last week, as strong demand for digital assets helped propel bitcoin to an all-time high. Digital asset investment products garnered the record capital in the week ended Oct. 4, according to data from Coinshares. Bitcoin, the world’s largest cryptocurrency, surpassed its August peak to hit a record high on Oct. 5, extending its gains to reach $126,223 for the first time on Monday. The United States led with $5 billion inflows in crypto ETFs, followed by Switzerland at $563 million and Germany at $312 million, both ... (full story)
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On today's episode of CNBC Crypto World, bitcoin pulls back from its new record above $126,000. Plus, John Haar, managing director at Swan Bitcoin, discusses the crypto market's retreat and how macroeconomic factors could drive bitcoin's price in the fourth quarter.
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