๐ Bitcoin ETFs in the US are partying like it's 1999! Despite BTC's price dip to under $54K, they've attracted a whopping $143.1M inflow. Fidelity Wise Origin Bitcoin Fund (FBTC) led the pack with $117M, while Bitwise Bitcoin ETF (BITB) followed with $30.2M. ๐ฅณ
๐ Even as Grayscale Bitcoin Trust (GBTC) saw a net outflow of $28.6M, the market's instability didn't deter institutional investors from buying the dip. Hunter Horsley, CEO of Bitwise, sees this as a golden opportunity for new and existing investors. ๐ฏ
๐ฎ Bitcoin critic Peter Schiff noted the resilience of Bitcoin ETF investors, speculating a significant sell-off might be imminent. But hey, isn't volatility the name of the game in crypto? ๐๐บ
๐ The price drop was partly due to a 47,229 BTC transfer by the defunct Mt. Gox. But remember, folks, in the world of crypto, there's always a plot twist! What's your take on this? Drop your thoughts in the comments. #DeFi #Web3 #Technology