Solana

Bitcoin ETF

Bitcoin

<a href="https://en.coin-turk.com/anthony-scaramucci-predicts-bitcoins-market-value-could-easily-reach-15-trillion/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> price surged up to $34,856 as the latest news brought positive developments that are highly significant for the markets. Our previous warnings for the past few days indicated that we would witness a significant demand in the CoinShares report, which was released today (Monday). The increasing demand for CME BTC products by institutional <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> gave us the first signal of this.
<h2 style="text-align: justify" id="why-is-bitcoin-rising">Why is Bitcoin Rising?</h2>
As we have been warning for days, today’s report reflects a substantial demand from institutions. The latest report from CoinShares reveals that crypto investment products have seen the largest inflow since July 2022. The weekly inflow reached $326 million, signaling a potential trend reversal in the markets.
<img decoding="async" class="size-full wp-image-271666 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/10/Kurumsal-Kripto-Para-Talebi.webp" alt="" width="828" height="837">
According to CoinShares’ recent report:
<blockquote>
 “<a href="https://en.coin-turk.com/crypto-analyst-bluntz-shares-his-radars-three-top-altcoins-exclusive-forecast-and-insights-for-2023/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Cryptocurrency</a> investment products saw the largest single-week inflow of $326 million since July 2022, as investor optimism grew amid the US Securities and Exchange Commission’s preparations to approve a spot-based Bitcoin ETF in the US. Monthly inflows are now approaching half a billion dollars.”
</blockquote>
Regionally, only 12% of the inflows were based in the US. Investors from Canada, Germany, and Switzerland, where the demand is concentrated, made inflows ranging from $50 million to $134 million. This suggests that if the demand for BTC remains strong, we could see more inflows in the US.
Solana (SOL) also emerged as the star altcoin in the institutional sector this week. The weekly inflow into Solana investment products amounted to $24 million. Continue Reading: <a href="https://en.coin-turk.com/bitcoin-price-surges-as-demand-soars-coinshares-report/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-price-surges-as-demand-soars-coinshares-report/</a>

Bitcoin Price Surges as Demand Soars: CoinShares Report

目录

COINTURK NEWS

发布于 2023年10月30日的其他文章

ETH Enthusiast Borrows $3.4M in WBTC to Amass 1,526 ETH Amidst Market Surge

Thailand’s Kasikorn Bank acquires majority stake in Satang crypto exchange

Ripple CEO Lambasts Former SEC Chair’s Regulatory Approach

Thai Banking Giant Kasikornbank Acquires a 97% Stake In Local Crypto Exchange Satang

£2 Million Investment in AI Tools for Teachers

Pepe Price Now Up 60% In a Week, How High Will It Go as Meme Kombat Hits $880k

订阅我们免费的电子期刊，获取每日最新加密领域动态！