Carol
@carolwilson
280 Following
216 Followers
0 reply
0 recast
1 reaction
0 reply
0 recast
30 reactions
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
US spot bitcoin ETFs report $147 million in net inflows, extending positive streak to 4 days
The U.S. spot bitcoin exchange-traded funds recorded a total daily net inflow of $147.37 million on Wednesday, marking a fourth consecutive day of positive fund flows.
Fidelity’s FBTC led inflows on Wednesday with $57.79 million, according to data from SoSoValue. This was followed by Franklin Templeton’s spot bitcoin fund, which drew in $31.66 million, its largest fund intake since early May.
BlackRock’s IBIT, the spot bitcoin fund with the largest net asset value, reported net inflows of $22.24 million yesterday, and Valkyrie's BRRR posted net inflows of $20.68 million.
Invesco and Galaxy Digital’s BTCO also reported around $9.5 million in inflows, while funds from Ark Invest and 21Shares, Bitwise and VanEck saw smaller amounts of net intake.
Grayscale’s GBTC, the second largest bitcoin ETF, was the only fund to report net outflows yesterday, worth $8.15 million. 0 reply
0 recast
10 reactions
1 reply
0 recast
0 reaction
5 replies
0 recast
3 reactions
0 reply
2 recasts
27 reactions
0 reply
0 recast
0 reaction
The cryptocurrency market, led by Bitcoin, has exhibited a dynamic trajectory in 2024.
While marked by periods of significant price fluctuations, the overall sentiment remains cautiously optimistic, fueled by growing institutional interest and a gradual shift towards mainstream acceptance.
Bitcoin, as the most dominant digital asset, has remained the focal point for investors navigating the crypto landscape. Its price has been influenced by a complex interplay of factors, including macroeconomic conditions, geopolitical events, and the actions of major market participants.
Global economic trends, particularly central bank policies and inflation rates, have exerted considerable influence on Bitcoin’s price.
The Federal Reserve’s monetary policy adjustments and the ongoing global economic recovery post-pandemic have contributed to the cryptocurrency’s volatility. 0 reply
0 recast
0 reaction
0 reply
0 recast
1 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
1 reply
0 recast
0 reaction
0 reply
0 recast
0 reaction
0 reply
0 recast
19 reactions