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JUST IN: ๐บ๐ธ The top 5 new spot Bitcoin ETFs now own a combined 195,862 $BTC worth over $9.3 BILLION ๐คฏ
This is already more than the 190,000 $BTC Microstrategy holds.
Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.
#TradeNTell #Write2Earn #btc #ETF #spotetf #blackrock
This is already more than the 190,000 $BTC Microstrategy holds.
Bitcoin has climbed above the $48,000 mark, marking a positive development. However, it's crucial to note that this level serves as a significant resistance zone, extending up to $50,000. Additionally, $50,000 is a psychological barrier for traders. It remains to be seen how the price will respond as it approaches this resistance area.
#TradeNTell #Write2Earn #btc #ETF #spotetf #blackrock
Bitcoin (BTC) quickly fell by more than 3% from its perch near $35,000 late Tuesday morning after the ticker for BlackRock's (BLK) spot bitcoin ETF โ IBTC โ was removed from the Depository Trust & Clearing Corporation's (DTCC) website.
The ticker's appearance on the DTCC site yesterday โ rightly or wrongly โ had investors speculating about imminent approval for a spot bitcoin ETF, thus playing a factor in BTC's sharp gain from the $30,000 area to more than $35,000.
#BTC #etf #BinanceSquare #blackrock #spotetf
The ticker's appearance on the DTCC site yesterday โ rightly or wrongly โ had investors speculating about imminent approval for a spot bitcoin ETF, thus playing a factor in BTC's sharp gain from the $30,000 area to more than $35,000.
#BTC #etf #BinanceSquare #blackrock #spotetf
Michael Saylor announces that a BTC spot ETF listing is expected to inflow billions of dollars in institutional funds. This could reshape the crypto landscape, sparking new interest from large investors. Is this a game-changing moment for Bitcoin and the broader cryptocurrency market? Stay tuned for more developments.
#btc #spotetf #institutionalfunds #cryptoinvestment
#btc #spotetf #institutionalfunds #cryptoinvestment
Bitcoin Spot ETFs See Highest Inflows in Two Months
The Bitcoin Spot Exchange-Traded Funds (ETFs) witnessed a significant surge in inflows, reaching a two-month high. Yesterday, a total of $302.9 million was funneled into Bitcoin Spot ETFs, marking a notable uptick in investor interest and confidence in these financial products.
Breakdown of Major Inflows:
Grayscale Investments (GBTC): $27 millionFidelity (FBTC): $131 millionArk Invest and 21Shares (ARKB): $39 millionBitwise (BITB): $86 million
This surge in inflows indicates a growing optimism among investors regarding Bitcoin's future prospects. The significant contributions from major players like Fidelity and Grayscale Investments highlight the increasing institutional interest in Bitcoin as a valuable asset.
The robust inflows into these ETFs not only underscore the rising demand for Bitcoin but also reflect the broader acceptance and integration of cryptocurrency into mainstream financial portfolios. As the market continues to evolve, the role of Bitcoin Spot ETFs is becoming increasingly pivotal, providing investors with a regulated and convenient way to gain exposure to Bitcoin's potential growth.
This renewed interest in Bitcoin Spot ETFs could be a bullish catalyst for the cryptocurrency market, signaling potential upward momentum in the near term. Investors and market watchers will be keenly observing how this influx impacts Bitcoin's price dynamics and the broader market sentiment.
#bitcoin #spotetf #grayscale #fidelity #bitwise
$BTC $ETH
Breakdown of Major Inflows:
Grayscale Investments (GBTC): $27 millionFidelity (FBTC): $131 millionArk Invest and 21Shares (ARKB): $39 millionBitwise (BITB): $86 million
This surge in inflows indicates a growing optimism among investors regarding Bitcoin's future prospects. The significant contributions from major players like Fidelity and Grayscale Investments highlight the increasing institutional interest in Bitcoin as a valuable asset.
The robust inflows into these ETFs not only underscore the rising demand for Bitcoin but also reflect the broader acceptance and integration of cryptocurrency into mainstream financial portfolios. As the market continues to evolve, the role of Bitcoin Spot ETFs is becoming increasingly pivotal, providing investors with a regulated and convenient way to gain exposure to Bitcoin's potential growth.
This renewed interest in Bitcoin Spot ETFs could be a bullish catalyst for the cryptocurrency market, signaling potential upward momentum in the near term. Investors and market watchers will be keenly observing how this influx impacts Bitcoin's price dynamics and the broader market sentiment.
#bitcoin #spotetf #grayscale #fidelity #bitwise
$BTC $ETH
