Ethereum

Biden

Bitcoin

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin is trading above $67,000 as BTC ETFs recorded $48.7 inflows yesterday.</li> 
 <li>May 31 was the 14th consecutive day in which BTC ETFs saw inflows.</li> 
</ul> 
<p>Bitcoin is trading above $67,000 as BTC ETFs recorded inflows for the 14th consecutive day.</p> 
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<p>According to the latest reports from <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>, BTC ETFs recorded $48.74 million in inflows on May 31.</p> 
<p>Here are the inflows and outflows recorded by the crypto products the other day:</p> 
<ul> 
 <li>BlackRock’s Bitcoin ETF, IBIT, saw $169 million in inflows.</li> 
 <li>Fidelity’s Bitcoin ETF, FBTC, saw $6 million in inflows.</li> 
 <li>Grayscale’s Bitcoin ETF, GBTC, saw outflows of $124 million.</li> 
 <li>VanEck’s Bitcoin ETF, HODL, recorded outflows of $2 million.</li> 
</ul> 
<p>The other Bitcoin ETFs did not see any outflows or inflows yesterday.</p> 
<p>The total net asset value of the Bitcoin ETFs was almost $58 billion, according to the same data.</p> 
<p><a href="https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs.png"><img decoding="async" class="alignnone wp-image-43871 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs.png" alt="31 mai etfs" width="1631" height="689" title="Bitcoin Trades Above $67k, As BTC ETFs Record 14 Days Of Inflows 5" srcset="https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs.png 1200w, https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs-300x127.png 300w, https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs-1024x433.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs-768x324.png 768w, https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs-750x317.png 750w, https://crypto.ro/en/wp-content/uploads/2024/06/31-mai-etfs-1140x482.png 1140w" sizes="(max-width: 1631px) 100vw, 1631px"></a></p> 
<p>BlackRock’s Bitcoin ETF, IBIT remains the world’s largest BTC fund with $19.67 billion net assets as of May 31, according to SoSoValue <a href="https://sosovalue.xyz/bigChart/Etf_NASDAQ_IBIT?title=BlackRock%20(IBIT)&amp;coin=BTC" target="_blank" rel="nofollow noopener">data</a>.</p> 
<h2 id="bitcoin-is-surrounded-by-optimistic-predicitons">Bitcoin is surrounded by optimistic predicitons</h2> 
<p>Despite the fact that Biden<a href="https://x.com/CynthiaMLummis/status/1796696370402791656" rel="nofollow" target="_blank"> vetoed</a> the bill that would allow highly regulated financial firms to custody Bitcoin and crypto, BTC is still surrounded by optimistic predictions.</p> 
<p>For instance, Peter Brandt, a seasoned trader recently made a <a href="https://crypto.ro/en/news/veteran-trader-peter-brandt-predicts-bitcoins-value-to-reach-100-gold-ounces/">bold prediction</a> about the future of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin (BTC)</a>. He suggested that BTC could see a 230% surge against gold.</p> 
<p>According to Brandt, the ratio of gold to BTC will experience fluctuations over the next 12 to 18 months. After this period, he predicted that it would climb to a new high of 100 oz. of gold per BTC.</p> 
<p>Other predictions claim that Bitcoin could skyrocket by<a href="https://crypto.ro/en/news/bitcoins-potential-to-skyrocket-by-emulating-ethereums-approach/"> emulating Ethereum’s approach</a>.</p> 
<p>By adopting certain features from Ethereum, Bitcoin could potentially replicate the growth Ethereum experienced in 2017 and 2020. The key feature for consideration is interoperability.</p> 
<p>Also, the programmability on the Bitcoin network could trigger a bright future for the coin. The recently discussed <a href="https://crypto.ro/en/news/how-the-op_cat-proposal-could-radically-change-the-bitcoin-blockchain-landscape/">OP_CAT Bitcoin Proposal</a>, expected to undergo review in 2025, could reinstate smart contract functionality on Bitcoin.</p> 
<p>This would allow the creation of rules or conditions on how Bitcoin can be spent, opening the door to many development possibilities, including Layer 2s, Smart Contracts, and more.</p>

Bitcoin Trades Above $67k, As BTC ETFs Record 14 Days Of Inflows

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