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Bitcoin Eyes Longest Winning Run in a Year as ETFs Attracts Inflows
Bitcoin is flirting with a winning run last seen a year ago, aided by the record-breaking debut of US exchange-traded funds for the token. The digital asset rose about 1% to $48,436 as of 9:50 a.m. Monday in Singapore, poised for a seventh straight daily gain that would mark the longest such streak since January 2023 if the advance holds, data compiled by Bloomberg show. Nine new spot Bitcoin funds began trading in the US on Jan. 11 and have attracted more than $9 billion of investor inflows so far. Two of the offerings, from BlackRock Inc. and Fidelity Investments, rank as the most successful ETFs launched based on ... (full story)
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- Posted: Feb 11, 2024 10:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 296
