75% of New Investments Go to Bitcoin ETFs

Just one month after approval by the United States Government on January 11, an estimated 75% of new investments in Bitcoin have come from the 10 newly approved spot Bitcoin exchange-traded funds.

This information was reported on February 14 by CryptoQuant, a company that specializes in on-chain data analytics, excluding Grayscale’s Bitcoin Trust (GBTC) ETF.

In just the past two weeks, these ETFs have accounted for over three-quarters of new Bitcoin investments.

The increase in investment from these ETFs has also had a significant impact, reaching 2% of the total historical investment in Bitcoin in just one month as measured by the realized market capitalization.

This has contributed to Bitcoin reaching a two-year high of $51,000 on February 14 and its market capitalization surpassing $1 trillion for the first time since November 2021.

According to Google Finance, after-hours trading has seen a 12.7% increase in COIN’s share price, which now stands at $186.7.