Yesterday, spot bitcoin exchange-traded funds in the U.S. posted total daily net inflows worth $117 million.
Fidelity’s FBTC led with $63.16 million daily inflows, ending their 8-day streak of negative flows.
Surely enough, the market has turned green 📈but during the outflow streak volatility was at its peak.
We expected a crazy bull run by now with the spot ETFs but all we see is a roller coaster in prices.
Is it okay for ETFs to keep controlling price action? 🤔
#CryptoETFs #BitcoinPriceUpdate #MarketVolatility #CryptoMarketDynamics

The price of bitcoin spiked $800 following a tweet by Bloomberg ETF specialist Eric Balchunas.Balchunas claimed that the SEC has been engaging with exchanges in relation to numerous spot bitcoin ETF filings. 
The price of bitcoin spiked by $800 immediately following a report that the U.S. Securities and Exchange Commission has been interacting with exchanges in relation to numerous spot bitcoin ETF applications. 
"Hearing chatter SEC’s Trading & Markets engaged with exchanges this week on spot bitcoin ETF 19b-4s, is advising them they'd like the ETFs to do cash creates (vs in-kind), and has asked them to get in amendments in next couple weeks," wrote Eric Balchunas, senior ETF analyst for Bloomberg, on the social media platform X. "This isn't unexpected but good sign nonetheless."
Balchunas noted that cash creates make sense because they reduce limitations on broker dealers. He said that a few bitcoin ETF applications had planned this already while the remainder had chosen to go for in-kind.
"Anyway, this doesn’t change our 90% odds up or down but is good sign the process marching and SEC has a path [forward] in the plumbing that they are comfortable with," he added.

The price of bitcoin surged from roughly $36,000 to $36,800 in just minutes following the post before settling down, according to The Block's Price Page. 
link : https://www.theblock.co/post/263567/bitcoin-price-spikes-800-on-claims-sec-is-engaging-with-exchanges-over-spot-etfs

#BTC #BitcoinPriceUpdate #Binance

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Bitcoin Price Update: Surpasses 66,000 USDT Despite Slight Decrease
In a recent market update, Bitcoin (BTC) has surpassed the 66,000 USDT mark. However, it's important to note that the price has experienced a slight decrease of 1.30% within the last 24 hours.🚀
While the exact reasons for this fluctuation are yet to be determined, it highlights the dynamic nature of the cryptocurrency market. Bitcoin's price is known for its volatility, and investors should always be aware of the risks involved before making any investment decisions.
Despite the dip, Bitcoin's price remains significantly higher compared to previous months. This ongoing surge has sparked renewed interest in the cryptocurrency, attracting both new and experienced investors.
As the market continues to evolve, it will be interesting to see how Bitcoin's price behaves in the coming days and weeks. Stay tuned for further updates. #Bull #bitcoin #Write2earn #BitcoinPriceUpdate