Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/major-companies-facilitate-entry-into-bitcoin-etfs/" data-wpel-link="internal">Major Companies Facilitate Entry into Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Spot <a href="https://en.coin-turk.com/sec-approves-first-spot-bitcoin-etfs-in-the-us-a-milestone-for-crypto/" data-wpel-link="internal">Bitcoin</a> ETFs started trading on January 10, 2024, amidst significant uncertainty and inability of the SEC to find a clear path forward. This move, which facilitated major companies’ entry into Bitcoin, led to significant new <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investments</a>. Recently, Susquehanna International Group, managing over $600 billion in assets, made an important announcement.</p> 
<h2 style="text-align: justify" id="current-state-of-bitcoin-etfs">Current State of Bitcoin ETFs</h2> 
<p style="text-align: justify">Consecutive entries into Bitcoin ETFs ended recently, resulting in a negative outlook. This outlook later shifted back to a positive one, revitalizing the market.</p> 
<p style="text-align: justify">Recently, the globally renowned Susquehanna International Group made a statement regarding their spot Bitcoin ETFs, revealing an <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investment</a> level of $1 billion.</p> 
<p style="text-align: justify">Such announcements generally indicate significant corporate interest and investment hunger in the market, which could also impact individual <a href="https://finance.coin-turk.com/" data-wpel-link="external" target="_blank" rel="nofollow noreferrer">investors</a>.</p> 
<p style="text-align: justify">On the other hand, these investments and statements are thought to potentially affect prices, although the BTC price has not reacted as expected.</p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-bitcoin">What is the Current Price of Bitcoin?</h2> 
<p style="text-align: justify">Amid these developments, the price of Bitcoin appears stable. At the time of writing, BTC is priced at $63,176, representing a 0.11% increase.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-348833" src="https://coin-turk.com/wp-content/uploads/2024/05/btc-fiyat-grafik-gorsel-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">BTC’s market cap seems to have returned above $1.24 trillion, still below the critical $1.3 trillion mark. The 24-hour trading volume presents a different scenario.</p> 
<p style="text-align: justify">The trading volume has decreased by 7% in the last 24 hours, now at $24.8 billion, which might indicate a declining investor interest. This could also be interpreted as a sign that buyers are reluctant to purchase BTC at these levels.</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/major-companies-facilitate-entry-into-bitcoin-etfs/" data-wpel-link="internal">Major Companies Facilitate Entry into Bitcoin ETFs</a></h5>

Major Companies Facilitate Entry into Bitcoin ETFs

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