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🇺🇸 Spot #BitcoinETFs Positive inflows with +$101M ( 12-06-2024 )
🔹 #Grayscale saw Zero Inflow/outflow 🔹 #Blackrock +$16M Inflow 🔹 Total Value Traded: $2.16 Billion ( As of 12th June ) 🔹 Total Net Assets ~$60 Billion in 🇺🇸 Spot ETFs
🍏🧠 Apple announced an expansion of its partnership with OpenAI and the integration ChatGPT into the Apple device lineup, including iPhone, iPad, and MacBook. Also announced a new feature called "Pay to Pay" between iPhones.
🕑 Elon Musk reacted to this collaboration by stating that he would ban all Apple devices in his companies.
🔥 US inflation is 3.3%, which was expected to be 3.4%
US CPI unexpectedly fell in May due to a drop in gasoline prices. The market expects the Fed to cut interest rates by 25 basis points in November with a 100% chance. A rate cut in September remains in doubt.
🧪 #BTC surges to over $69k off the news of cooler inflation numbers.
Wall St algos think inflation is cooling and that it’s good for #Bitcoin. Literally regarded)