Bitcoin ETFs have had a significant impact on the financial industry, drawing in large amounts of money and pushing the price of Bitcoin to its highest point in over two years, reaching $153,215 after briefly hitting $26,226. A Bloomberg report stated that these ETFs have seen unprecedented success in trading, bringing in billions of dollars in net inflows within just a month of their launch. Bitcoin ETFs have received $2.8 billion in net inflows. According to Bloomberg Intelligence data, Bitcoin spot funds have seen around $2.8 billion in net inflows in the first three weeks of trading. This includes $6.4 billion withdrawn from the Grayscale Bitcoin Trust (GBTC) following its conversion into an ETF. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) are leading the way, with approximately $3.8 billion and $3.1 billion in investments, respectively. This comes as Bitcoin’s price surpasses $63,000 for three key reasons. Monthly inflows and outflows of Bitcoin exchange-traded funds. The information comes from Bloomberg. According to the report, only these two funds were able to exceed $3 billion within their first 20 days of trading, by reaching the $1 billion mark in less than five days. Although initially there was a sentiment of selling off the news, the success of Bitcoin ETFs has driven Bitcoin’s price to its highest level in more than two years. According to Jane Edmondson, who leads thematic strategy at TMX VettaFi, a successful ETF is one that gathers more than $100 million in assets in just one month. Yet, it is still uncertain if these funds will be financially sustainable in the long run. BlackRock and Fidelity lead in trading volumes.