A total of twelve US-based spot Bitcoin exchange-traded funds hit a new record, holding a combined total of $66.1 billion in Bitcoin assets.
This surpasses the previous record of $62.6 billion set in early June, according to SoSoValue data. This represents 4.89% of Bitcoin’s overall market capitalization.
In the past week, the funds have seen the fourth-highest amount of inflows since March, totaling over $2.1 billion.
The recent increase in Bitcoin’s value, which has risen by 12% since October 10, has contributed to the new record value.
This has resulted in a collective increase of approximately $11 billion in the value of the Bitcoin held by the funds.
