Bitcoin institutional investors are pausing for thought while BTC price struggles to overcome resistance.
Bitcoin ETF news
BlackRock’s Bitcoin fund carried over to the rest of the United States spot Bitcoin ETFs, which recorded a net inflow of $294 million on Oct. 21.
Despite the record European inflows, Bitcoin price has been unable to recover above the $70,000 psychological level since July.
Spot Bitcoin ETF inflows can have a delayed effect on the BTC price, which takes a couple of days to materialize, according to market analysts.
Bitcoin’s bullish weekend price action could be a sneak peek of what’s to come this week. Will ETH, SOL, DOGE, and SHIB follow?
Bitcoin ETFs see record daily inflows as institutional investors drive adoption and BTC’s ongoing price surge.
To confirm a potential breakout from its current crab walk, Bitcoin needs to close the week above $68,700, according to market analysts.
Traders believe that the approval of options for Bitcoin exchange-traded funds will inject much-needed liquidity into the markets.
Solid buying in the Bitcoin ETFs suggests that investors expect Bitcoin to breakout to a new all-time high. Will altcoins follow?
Spot Bitcoin ETFs have had four consecutive days of inflows, resulting in over $20 billion in cumulative flows since their launch in January.