European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States.
Europeans have invested over $105 billion in spot Bitcoin ETFs year-to-date (YTD), marking an all-time high.
Growing ETF inflows could push Bitcoin to an all-time high from its current crabwalk. Inflows into US Bitcoin ETFs accounted for about 75% of the new capital that helped Bitcoin surpass $50,000 in Feb. 2024.
Despite the record European inflows, Bitstamp data shows that Bitcoin has been unable to recover above the psychological level of $70,000, last visited on July 29.
Read more: cointelegraph.com
