Jamie Crawley is a CoinDesk news reporter based in London.
BTC has gained about 1.35% in the last 24 hours, outperforming the broader digital asset market, as measured by the CoinDesk 20 Index, which is just under 0.8% higher. Bitcoin has also risen nearly 9% this week, according to CoinDesk Indices, amidst strong uptake for spot BTC ETFs. The U.S.-listed funds have seen inflows of $1.86 billion since Monday, which, even with one day remaining, is their highest tally since the second week of March, according to data compiled by SoSoValue.
ETPs have registered a cumulative inflow of 25,675 BTC in the last seven days, as investors worldwide have scrambled to gain exposure to bitcoin amidst its latest rally. The U.S.-listed ETFs' inflows of nearly $1.9 billion are the equivalent of 21,450 BTC. To put this into perspective, the bitcoin ETF investors have purchased around 48 days of mined supply, as roughly 450 BTC get mined daily.
Republican Sweep in U.S. Election Would be the Most Bullish Outcome for Coinbase and the Crypto Market: Citieditorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.
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