SEC greenlights Bitcoin ETF Options, driving $2B investor surge
Bitcoin exchange-traded funds (ETFs) in the U.S. have seen a dramatic $2 billion net inflow, driven by a surge of investor interest following the recent approval for options trading on these funds.
The approval, granted by the U.S. Securities and Exchange Commission (SEC), is expected to provide new opportunities for investors looking to gain exposure to Bitcoin in a more flexible way.
ARK Invest’s ARKB led the pack, attracting nearly $110 million in inflows, followed by BlackRock’s IBIT with over $70 million.
Other top-performing funds included Bitwise’s BITB, VanEck’s HODL, and Fidelity’s FBTC, which collectively added millions to the total inflows.
BlackRock’s IBIT now boasts over $23 billion in total net inflows, cementing its position as the largest Bitcoin ETF worldwide.
Grayscale’s GBTC also made headlines, reversing its usual trend of outflows by attracting over $91 million in new investments.
This shift reflects growing confidence in the fund, especially with the SEC’s approval of options trading for Bitcoin ETFs, allowing major players like Fidelity, ARK Invest, and VanEck to offer options on their products.
The approval has sparked optimism across the market, with analysts at Standard Chartered predicting that Bitcoin could soon return to its all-time high of $73,800.
The potential re-election of Donald Trump, known for his favourable stance on cryptocurrencies, could further boost market sentiment.
