Jerome Powell

Bitcoin

Capitol

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-significant-investments-3" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Significant Investments</a><br></p>
<p style="text-align: justify">On Tuesday, the US witnessed substantial net inflows into spot <a href="https://en.bitcoinhaber.net/bitcoin-battles-resistance-whats-next-for-the-cryptocurrency" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs totaling $216.33 million, marking the third straight day of positive investment activity. Leading the market was BlackRock’s IBIT ETF, which saw a net inflow of $121.03 million. Fidelity’s FBTC followed with a net inflow of $90.95 million, reflecting strong investor confidence in these financial instruments.</p>
<h2 id="what-about-other-etfs">What About Other ETFs?</h2>
<p style="text-align: justify">Ark Invest and 21Shares’ ARKB ETF noted significant inflows amounting to $43.3 million, while VanEck’s Bitcoin fund recorded an inflow of $3.27 million. However, the trend wasn’t uniform across all ETFs. Grayscale’s GBTC reported an outflow of $37.5 million, and Bitwise’s BITB saw a net outflow of $4.72 million.</p>
<p style="text-align: justify">Overall, trading activity in these 11 spot Bitcoin ETFs amounted to $1.19 billion on Tuesday alone, indicating substantial market participation and liquidity. Since their introduction in January, these ETFs have collectively attracted net inflows of $15.27 billion, pointing to growing institutional and individual interest in Bitcoin as an investment asset.</p>
<h2 id="how-did-bitcoin-price-react">How Did Bitcoin Price React?</h2>
<p style="text-align: justify">Bitcoin’s market performance also reflected positive sentiment. The cryptocurrency’s price rose by 1.58% in the last 24 hours, reaching $58,154. This increase followed its recovery from the lows near $54,000 observed last Friday.</p>
<p style="text-align: justify">Contributing to the market’s sentiment was the movement of Bitcoin assets by the now-defunct crypto exchange Mt. Gox, as part of a $9 billion repayment process.</p>
<h2 id="insights-from-market-movements">Insights from Market Movements</h2>
<p style="text-align: justify">– BlackRock’s IBIT ETF remains a dominant player with substantial inflows.<br> – Mixed performance among various Bitcoin ETFs suggests selective investor strategy.<br> – The significant trading volume in Bitcoin ETFs highlights robust market engagement.</p>
<h2 id="powell-s-comments-influenced-the-market">Powell’s Comments Influenced the Market</h2>
<p style="text-align: justify">US Federal Reserve Chairman Jerome Powell provided a boost to market sentiment with his statements on Capitol Hill. He noted that the US economy no longer exhibits signs of overheating and described the labor market as “fully balanced.” These remarks reassured investors amid ongoing economic <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> releases.</p>
<p style="text-align: justify">Looking ahead, key reports expected later in the week, including initial jobless claims and the consumer price index, are anticipated to provide further insights into economic trends and their potential impacts on <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">financial markets</a>.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-etfs-attract-significant-investments-3" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin ETFs Attract Significant Investments</a></h5>

Bitcoin ETFs Attract Significant Investments

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