Crypto Traders Spotlight Bitcoin’s Stability at $70K Amidst Decreasing ETF Interest
Crypto traders have brushed off concerns over waning ETF inflows in the market, expressing confidence as Bitcoin maintains its position above $70,000.
Crypto traders have brushed off concerns over waning ETF inflows in the market, expressing confidence as Bitcoin maintains its position above $70,000.
Cryptocurrency exchange Binance CEO Changpeng Zhao, commonly known as CZ, has projected that Bitcoin is set to surpass $80,000, attributing this surge to the growing inflows from exchange-traded funds (ETFs).
BlackRock and Fidelity have emerged as the big winners in the Bitcoin ETF mania, capturing a whopping 79% of inflows into the ‘Newborn Nine’ funds.
Bitcoin exchange-traded funds (ETFs) have experienced significant growth in recent weeks, with a total of $2.2 billion in net inflows reported over the past week alone.
Bitcoin exchange-traded funds (ETFs) experienced a remarkable surge in inflows yesterday, marking the third-largest influx in their history. This milestone comes hand in hand with Bitcoin’s price surpassing the $46,000 threshold, further solidifying the cryptocurrency’s strong upward momentum.
Bitcoin’s price is on the verge of crossing the $44,000 mark as exchange-traded funds (ETFs) witness a surge in net inflows after a week of outflows. This positive development comes as the cryptocurrency market continues to show signs of recovery following a recent dip.
The New York Federal Reserve announced today that its reverse repo facility has experienced an unprecedented surge in inflows, with the total reaching a staggering $1.018 trillion. This significant increase in activity has caught the attention of market analysts and policymakers alike.