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Home ยป Bitcoin Encounters Obstacles but Exhibits Encouraging Signs
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Bitcoin Encounters Obstacles but Exhibits Encouraging Signs

By adminMay. 29, 2024No Comments1 Min Read
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Bitcoin Encounters Obstacles but Exhibits Encouraging Signs
Bitcoin Encounters Obstacles but Exhibits Encouraging Signs
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The resurgence of inflows into spot Bitcoin ETFs in the US is a significant indicator of the positive trend in the market. In the past two weeks, the inflows into ETFs have made a strong comeback, with BlackRock surpassing Grayscale in terms of inflows. Notably, the daily demand from these spot Bitcoin ETFs has been exceeding the daily amount of BTC mined. This robust demand from ETFs is a bullish signal for Bitcoin and demonstrates the sustained interest of institutional investors.

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