Source: CoinTelegraph
“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. … 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. This past week, European inflows weren’t the only record milestone for Bitcoin and Bitcoin-based ETFs. Earlier today, on Oct. 21, Bitcoin’s hashrate — the total computing power securing the network — reached an all-time high, showcasing the network’s growing security and increasing BTC mining costs.” (10/21/24)
https://cointelegraph.com/news/european-investors-record-105b-us-bitcoin-etfs