Last week saw significant investments in U.S. Bitcoin ETFs, with the total exceeding $2 billion.

Record Investment in Bitcoin ETFs

According to Farside Investors, Bitcoin ETFs saw a net inflow of $273.7 million last Friday. ARKB from ARK Invest contributed the largest inflow with $109.9 million. BlackRock's IBIT attracted over $70.4 million, while other funds like Bitwise’s BITB and VanEck’s HODL brought in $36 million and $33.3 million, respectively. IBIT has now become the largest Bitcoin ETF globally with a total of $23 billion.

SEC Approval for Options

The U.S. Securities and Exchange Commission (SEC) has approved plans from the NYSE and CBOE to list options for spot Bitcoin ETFs. The NYSE received full approval, while the CBOE's listing does not include Grayscale’s Bitcoin Mini Trust. This move allows 11 ETF providers, such as Fidelity and ARK Invest, to offer options on popular Bitcoin ETFs.

Analysts' Bitcoin Projections

Analysts at Standard Chartered predict that Bitcoin could soon return to its all-time high of $73,800. This prediction is notably relevant with the upcoming U.S. presidential election.

Investor interest in Bitcoin ETFs continues to grow, with SEC backing opening new opportunities for the markets. Projections for Bitcoin's price add optimism.