๐จ๐จ๐จ๐จ Market Update๐จ๐จ๐จ๐จ๐จ
๐Bitcoin held steady below the $65,000 mark on Monday, briefly attempting a breakout before retracing to around $63,000 where it currently stands.๐ต๏ธโโ๏ธ
๐ฃ News Highlights:
๐According to Farside, US ETFs saw a significant inflow of $217 million on May 6, with Grayscale ETF also experiencing consecutive days of capital influx totaling $3.9 million.๐
๐ญ๐ฐ Meanwhile in Hong Kong, ETFs witnessed a capital outflow of $1.7 million on May 6, yet still hold a substantial 4,388 BTC.๐ฐ
๐ Regulatory Insights:
๐The SEC has postponed decisions on the Invesco application for Galaxy's Ethereum Spot ETF, setting the next deadline for July 5th. Despite this, Ethereum maintains its position above $3,000.๐ช
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