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Net flows to spot bitcoin exchange traded funds reached $880 million on Tuesday, the second highest daily level in their five-month history, as momentum accelerates for the 11 fledgling products. The Fidelity Wise Origin Bitcoin Fund (FBTC) led Tuesday's surge with nearly $379 million in inflows, followed by BlackRock's iShares Bitcoin Trust (IBIT)'s $274.4 ...
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Bitcoin is trying to build upon its gains above the psychological support of $70,000. The sentiment received a boost after the spot Bitcoin exchange-traded funds recorded the second highest inflows of $887 million on June 4, per Farside Investors data. Analysts are closely watching next week’s United States Consumer Price Index (CPI) data. After the 0.1% ...