Bitcoin Crosses $67,500 As Spot ETFs Record $101M Inflow
Portfolio Pulse from Murtuza Merchant
Bitcoin spot ETFs experienced a significant net inflow of $101 million on June 12, reflecting growing investor confidence. Fidelity’s ETF (FBTC) led with $50.623 million, followed by BlackRock’s ETF (IBIT) with $15.5789 million. Grayscale’s ETF (GBTC) saw no net change. This surge comes amid expectations of potential rate cuts in 2024.
June 13, 2024 | 11:21 am
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POSITIVE IMPACT
Fidelity’s Bitcoin ETF recorded a significant daily inflow of $50.623 million, indicating strong investor confidence.
The substantial inflow into Fidelity’s ETF suggests strong investor confidence in Bitcoin, likely driving short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
BlackRock’s Bitcoin ETF recorded a daily inflow of $15.5789 million, showing positive investor sentiment.
The inflow into BlackRock’s ETF reflects positive investor sentiment towards Bitcoin, likely supporting short-term price gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Grayscale’s Bitcoin ETF saw no net inflow or outflow, remaining static for the day.
The lack of net inflow or outflow for Grayscale’s ETF indicates a neutral investor stance, suggesting no immediate price impact.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 100