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Bitcoin Prepares a Major Rebound
Bitcoin price remained in a tight range on Wednesday, even after as spot ETFs crossed the important $50 billion inflow milestone. The BTC/USD pair was trading at 108,780, down from the year-to-date high of 111,900. It remains about 45% above the lowest level in April. Data shows that spot Bitcoin ETFs had inflows in the last four consecutive days, bringing the cumulative inflows to $50 billion. Seven Bitcoin ETFs have over $1 billion in assets, with the BlackRock fund having over $75 billion. Fidelity’s FBTC ETF has over $22 billion, while the Grayscale GBTC and Cathie Wood’s ARKB have $20 billion and $5.2 ... (full story)
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