Franklin

Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/record-inflows-for-ark-21shares-bitcoin-etf-as-bitcoin-struggles-to-reach-72000/" data-wpel-link="internal">Record Inflows for ARK 21Shares Bitcoin ETF as Bitcoin Struggles to Reach $72,000</a><br></p>
<p class="p1" style="text-align: justify"><strong>ARK 21Shares</strong>‘ spot <a href="https://coin-turk.com/piyasaya-guncel-bakis-bitcoin-ve-altcoinlerde-son-durum-ne" data-wpel-link="internal">Bitcoin</a> exchange-traded fund (ETF) achieved a record entry of $201.8 million on March 27, nearly quintupling its average daily entries despite <a href="https://en.coin-turk.com/unraveling-the-bull-signal-in-cryptocurrency-what-does-2022-tell-us/" data-wpel-link="internal">Bitcoin</a>‘s failure to reach $72,000. Preliminary data from Farside Investors revealed that the daily entry for the ARK 21Shares Bitcoin ETF on March 27 was four times higher than the daily average of $43.9 million since its launch on January 11.</p> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-on-the-etf-front">What’s Happening on the ETF Front?</h2> 
<p class="p1" style="text-align: justify">In addition, ARK Invest saw an inflow of $73.6 million the previous day, nearly tripling, while no entries were recorded on March 25. Meanwhile, Valkyrie Bitcoin ETF (BRRR) recorded an inflow of $5.1 million, Invesco Galaxy Bitcoin ETF (BTCO) $4.8 million, Franklin Bitcoin ETF (EZBC) $4 million, and VanEck Bitcoin ETF (HODL) $1.9 million.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-334232 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/farside.webp" alt="" width="1174" height="1145"></p> 
<p class="p1" style="text-align: justify">Both WisdomTree Bitcoin ETF (BTCW) and Fidelity Investments Bitcoin ETF (FBTC) reported an inflow of $1.5 million each. Bitcoin reached $71,670 before closing the day at $69,698. According to CoinMarketCap data at the time of writing, Bitcoin was trading at $69,756.</p> 
<h2 class="p1" style="text-align: justify" id="etf-commentary-from-expert-analysts">ETF Commentary from Expert Analysts</h2> 
<p class="p1" style="text-align: justify">Meanwhile, crypto commentators have started to claim that investors are too caught up in Bitcoin’s short-term price volatilities instead of considering a broader perspective. <a href="https://en.coin-turk.com/millionaires-flock-to-bitcoin-as-another-joins-the-trend/" data-wpel-link="internal">Crypto</a> researcher <strong>Gumshoe</strong>, in a post published on March 28, told his 28,900 followers that investors prefer a micro perspective by focusing on daily price closings rather than considering the real fund flow into Bitcoin.</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“Bitcoin ETF funds are seeing ATH entries and people panic over a daily candle close.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">Matt Hougan, Chief <a href="https://en.coin-turk.com/okx-ventures-invests-in-web3-computing-platform-delphinus-lab/" data-wpel-link="internal">Investment</a> Officer at Bitwise, stated in a post published on March 27 that most professional investors, especially in the United Kingdom where the FCA is still largely against crypto, still cannot buy Bitcoin ETF funds:</p> 
<blockquote> 
 <p class="p1" style="text-align: justify">“The fact is that most professional investors still can’t buy Bitcoin ETF funds. This will change with over 100 individual case assessments in the next two years.”</p> 
</blockquote> 
<p class="p1" style="text-align: justify">Popular crypto commentator <strong>Bitcoin Munger</strong> told his 31,800 followers that he believes the next $13 billion entry could add $50,000 to $70,000 or more to the price. Since the beginning of the year, investment products like spot Bitcoin ETF funds have seen a total new capital inflow of $13.2 billion.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/record-inflows-for-ark-21shares-bitcoin-etf-as-bitcoin-struggles-to-reach-72000/" data-wpel-link="internal">Record Inflows for ARK 21Shares Bitcoin ETF as Bitcoin Struggles to Reach $72,000</a></h5>

Record Inflows for ARK 21Shares Bitcoin ETF as Bitcoin Struggles to Reach $72,000

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