Bitcoin Rising by 2.9% Due to Spot ETF Inflows and Reached the Peak of $71,370 on Binance...!
Bitcoin experienced a remarkable 2.9% increase in the last 24 hours, and its price reached $71,370 on Binance, the highest level since May 21. This increase was largely thanks to inflows into US spot Bitcoin ETFs.
Large-scale inflows into these ETFs included a record-breaking investment of $886.6 million. These investments are led by major players such as Fidelity and BlackRock.
âFidelity is holding tight, almost $1 billion inflows for The Ten today,â Bloomberg ETF analyst Eric Balchunas said. The second best day since mid-March. $3.3 billion in the last 4 weeks, for a net annual total of $15 billion (this was the upper end of our 12-month forecast). "The 'third wave' is turning into a tsunami," he said.
