Cryptocurrency

Bitcoin

Grayscale Bitcoin Trust

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-prices-react-to-etf-cash-movements" rel="noopener noreferrer nofollow">Bitcoin Prices React to ETF Cash Movements</a><br></p>
<p style="text-align: justify">A recent analysis highlights the impact of Exchange-Traded Fund (ETF) activities on <a href="https://en.bitcoinhaber.net/bitcoin-adoption-surges-as-wallet-numbers-and-active-addresses-increase" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price dynamics. The market observed net withdrawal days, primarily driven by significant outflows from the Grayscale Bitcoin Trust (GBTC), along with subdued inflows from other ETFs. This pattern suggests a diminished appetite for risk among ETF investors.</p>
<h2 id="indicators-point-to-potential-cryptocurrency-uptick">Indicators Point to Potential Cryptocurrency Uptick</h2>
<p style="text-align: justify">The recorded ETF outflows, especially from GBTC, have shown a decline over the past week, setting the stage for a potential uplift in <a href="https://en.bitcoinhaber.net/crypto-regulation-draft-takes-center-stage-in-turkish-economic-coordination-council-meeting" rel="noopener noreferrer nofollow">cryptocurrency</a> values. Investors, having noticed these trends, are preparing for the possibility of a price increase as the weekend approaches.</p>
<h2 id="first-signs-of-positive-inflows">First Signs of Positive Inflows</h2>
<p style="text-align: justify">On March 22, GBTC experienced outflows reaching $169.9 million. Yet, this was offset by positive inflows into other ETFs, marking the first occurrence of net inflows within the week. This balance shift could fuel an optimistic outlook among investors, which might translate into higher prices starting Monday.</p>
<p style="text-align: justify">Despite the substantial outflows from GBTC, notable inflows from ETFs like EZBC (Franklin) contributed a net of $29.6 million. Together with additional funds from IBIT and Fidelity, these movements could aim to propel Bitcoin’s price toward the $68,000 threshold.</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-prices-react-to-etf-cash-movements" rel="noopener noreferrer nofollow">Bitcoin Prices React to ETF Cash Movements</a></h5>

Bitcoin Prices React to ETF Cash Movements

목차

BH NEWS

2024년 3월 22일에 게재된 다른 기사

Bitcoin – The main Indian opposition party paralyzed by freezing its bank accounts

Solana Price Prediction: Can SOL Surpass $200 By March End?

TrustSwap (SWAP) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

OKX To Cease Operations In This Asian Country, Urging Users To Liquidate Holdings By April 30

U.S Authorities Striving Hard for Do Kwon’s Extradition

ArbitrageScanner – Top Crypto Side Event for the Traders. Review, Best Tools for Crypto Arbitrage...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!