Bloomberg Analyst: Interest in Bitcoin is Rising Again!
Bloomberg senior ETF analyst Eric Balchunas made updated statements about Bitcoin (BTC).
Eric Balchunas focused on Bitcoin in his X post dated June 4. Stating that there has been a net inflow to Spot Bitcoin ETFs for the last 15 days, the analyst emphasized that the permanent power in this area continues.
Fidelity's FBTC maintained its leadership position, witnessing a total inflow of $379 million.
Cumulative total net inflows to date into spot Bitcoin ETFs are $14.85 billion. The $886.75 million inflow on June 4 was recorded as the second largest inflow in spot ETF history:
Bitcoin ETFs gained $2.4 billion last month on a 15-day inflow streak. Cumulative net inflow is +$14 billion. The ability to bounce back with renewed interest after a few bad sell-offs is rare for hot sauce type strategies. Shows lasting power.
Will there be a record in Bitcoin?
One of Balchunas' implications was that a new record in spot ETF inflows could be seen soon. It is thought that the price may rise to new peaks in parallel with the record increase in ETF inflows.
According to CoinGecko data, Bitcoin, which has increased by 4% in the last 24 hours, is traded at $ 71.00 at the time of writing.
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