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Crypto Analysts Confirm US Bitcoin ETFs Inflows 📈🚀 Let's Warm Up Our Investments!

Crypto Analysts Confirm US Bitcoin ETFs Inflows 📈🚀 Let’s Warm Up Our Investments!

Breaking News: US Bitcoin ETFs Experience Net Inflows After Weeks of Outflows

After experiencing outflows for four consecutive weeks, US spot Bitcoin exchange-traded funds (ETFs) have marked a notable shift in momentum, witnessing net inflows once again.

According to recent data from CoinShares, digital asset investment products have seen inflows totaling $130 million for the first time in five weeks, suggesting renewed investor interest in crypto-focused investment products, particularly in the United States.

A Diverse Global Investment Landscape

Grayscale, a major player in the digital asset space, reported a significant decrease in weekly outflows, recording its lowest since January at $171 million, potentially indicating market stabilization post-volatility.

  • US regulators have shown minimal engagement with spot ETF issuers, especially concerning spot Ethereum ETF applications.
  • This lack of interaction has sparked speculation that ETF approvals, particularly for Ethereum-based products, may not be imminent.

On a global scale, investment trends show mixed signals. Hong Kong saw a significant drop to $19 million in inflows, while Switzerland experienced inflows amounting to $14 million.

Global Investment Flows

  • Canada and Germany continue to see outflows, reflecting a bearish sentiment in these markets.
  • Bitcoin rebounded with $144 million in inflows, countering a generally weak month, while short-Bitcoin exchange-traded products recorded outflows totaling $5.1 million.

Bitcoin and Ethereum Market Performance

Bitcoin surged nearly 3% in the past 24 hours, while Ethereum increased by 1.2%. Despite these gains, both assets are down by 2.3% and 6% over the past week, with potential paths for Bitcoin’s price identified by experts:

  • If Bitcoin reclaims $64,290 as support, it could rise towards $76,610.
  • Failing to do so might see Bitcoin drop to support at $51,970, based on MVRV extreme deviation pricing bands.

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Crypto Analysts Confirm US Bitcoin ETFs Inflows 📈🚀 Let's Warm Up Our Investments!