Despite record European inflows, Bitcoin has been unable to recover above the $70,000 psychological level since July.
European investors have allocated a record amount of capital into spot Bitcoin exchange-traded funds (ETFs) in the United States.
Europeans have invested over $105 billion in spot Bitcoin (BTC) ETFs year-to-date (YTD), marking an all-time high.
The record European ETF flows were shared by Eric Balchunas, a senior ETF analyst at Bloomberg, who wrote in an Oct. 21 X post:
