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Bitcoin Price Rallies as ETF Inflows Rise
Bitcoin price has bounced back this week as demand from American investors has rebounded. The BTC/USD pair has jumped in the last three days and is hovering at its highest point since September 22. Bitcoin has rebounded as investors moved to buy spot Bitcoin ETFs. Data compiled by SoSoValue shows that these funds have accumulated almost $1 billion in assets this week, bringing its cumulative inflows to over $57 billion. BlackRock’s IBIT ETF has accumulated over $87.6 billion in assets after having $60.7 billion in inflows. It is followed by Fidelity, Grayscale, and Cathie Wood’s Ark Invest. Bitcoin price has also ... (full story)
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