What Is Going On With Bitcoin Spot ETFs?
Portfolio Pulse from Murtuza Merchant
Bitcoin spot ETFs have seen significant net inflows, with Fidelity ETF (FBTC) and Bitwise ETF (BITB) attracting substantial investments. The US SEC has received an application for the Hashdex Nasdaq Crypto Index US ETF, which will hold both Bitcoin and Ethereum. This development could further boost inflows into these cryptocurrencies.
July 02, 2024 | 11:07 am
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POSITIVE IMPACT
Bitwise ETF (BITB) experienced a single-day inflow of $41.4022 million, showing increasing investor interest.
The significant inflow into BITB reflects growing investor interest, likely resulting in a positive short-term price impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Fidelity ETF (FBTC) saw a significant single-day inflow of $65.034 million, indicating strong investor confidence.
The substantial inflow into FBTC suggests strong investor confidence, likely leading to a positive short-term price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100