Major Corporation Scoops Up Bitcoin (BTC) Amid $34 Million ETF Exits: A Deep Dive into Crypto Market Trends
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- US daily spot Bitcoin ETF outflows recorded at $34.4 million today, significantly lower than Wednesday’s outflows above $563 million.
- Despite the broad negative flow, notable entries were observed in the Ark 21Shares BTC ETF (ARKB).
- BlackRock’s IBIT BTC ETF again recorded zero flow, reflecting the movement of Fidelity’s FBTC.
Despite significant outflows from Bitcoin ETFs, the crypto market shows resilience with Bitcoin’s price nearing $60,000 and Ethereum crossing $3,000.
Bitcoin Price Shows Mild Recovery
The cryptocurrency market witnessed flexibility with the price of Bitcoin rising from $56,500 to $60,000. Despite outflow concerns, it showed underlying support. This price recovery reflects the continued investor confidence in BTC’s long-term expectations, despite short-term fluctuations. Additionally, Ethereum (ETH) surpassed $3,000, and other altcoins also made... Read the full article for FREE at COINOTAG!
