Inflows into Bitcoin exchange-traded funds (ETFs) have exceeded $20 billion, marking a significant milestone for the cryptocurrency market. This growth follows a streak of four consecutive days of positive inflows in the US market.

Record Inflows into Bitcoin ETFs

According to Farside Investors, cumulative flows have reached $20.26 billion since the launch of Bitcoin ETFs in the US on January 11. Over the past four days, around $1.64 billion has flowed into 11 ETF products, including those from ARK 21Shares and BlackRock.

Market Reaction

The increase in ETF flows signals positive expectations among investors. Pseudonymous crypto trader Crypto Lord noted that this is the fastest growth in ETF history. ETF Store President Nate Geraci also commented that the products are 'vacuuming up dollars.'

Cautious Analysts

Despite record inflows, some analysts remain cautious. According to Cointelegraph, Bitcoin's price surpassed the $65,000 mark, but analysts warn that high inflows do not always lead to sustained price increases.

Reaching over $20 billion in flows, Bitcoin ETFs show impressive growth, capturing investor attention and sparking discussions. However, not everyone views this development as a guarantee of sustained growth in the cryptocurrency market.