FOMC

Bitcoin

when

Spot

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/rising-institutional-interest-in-bitcoin-as-us-spot-etfs-experience-inflow-boom" rel="noopener noreferrer nofollow">Rising Institutional Interest in Bitcoin as US Spot ETFs Experience Inflow Boom</a><br></p>
<p style="text-align: justify">Recent data indicates that institutional investors are demonstrating renewed interest in the <a href="https://en.bitcoinhaber.net/exploring-the-momentum-of-bitcoin-and-ethereum-prices" rel="noopener noreferrer nofollow">cryptocurrency</a> market, as evidenced by a surge in capital invested in US spot <a href="https://en.bitcoinhaber.net/bitcoin-etf-decision-looms-as-market-signals-mixed-messages" rel="noopener noreferrer nofollow">Bitcoin</a> Exchange-Traded Funds (ETFs). The collective value of these inflows has hit an impressive $2.5 billion by mid-March, suggesting a bolstered market confidence. This comes at a time when the financial world is closely watching the Federal Open Market Committee’s upcoming decisions on interest rates.</p>
<h2 id="spot-bitcoin-etfs-gain-prominence">Spot Bitcoin ETFs Gain Prominence</h2>
<p style="text-align: justify">Farside Investors reports a marked spike in investments into US spot Bitcoin ETFs, with a single-day net influx of $198.8 million on March 15. This influx exceeds the already significant $132.7 million from the day before. Fidelity’s FBTC ETF has seen substantial activity, outperforming BlackRock’s IBIT, while Grayscale’s GBTC product shows a reduction in outflows. Such robust weekly inflows have propelled Bitcoin’s price to a record high of $73,750 on March 14.</p>
<h2 id="market-braces-for-volatility-amid-inflation-concerns">Market Braces for Volatility Amid Inflation Concerns</h2>
<p style="text-align: justify">Anticipation of heightened market volatility looms as the FOMC meeting approaches, driven by fresh inflation data that indicates higher than forecasted levels. Despite these short-term fluctuations, Bitcoin has demonstrated resilience, maintaining a price point above $69,000 after briefly crossing the $70,000 mark.</p>
<p style="text-align: justify">Enthusiasm about Bitcoin’s trajectory remains high among analysts, bolstered by the prospect of the forthcoming fourth block reward halving. Though historical patterns suggest a potential rally post-halving, investors remain vigilant, navigating the broader economic uncertainties with caution.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/rising-institutional-interest-in-bitcoin-as-us-spot-etfs-experience-inflow-boom" rel="noopener noreferrer nofollow">Rising Institutional Interest in Bitcoin as US Spot ETFs Experience Inflow Boom</a></h5>

Rising Institutional Interest in Bitcoin as US Spot ETFs Experience Inflow Boom

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