BitcoinLong
BTC 24-Hour Upside Potential
The 11 spot Bitcoin exchange traded funds (ETFs) approved in the US four months ago posted five days of consecutive inflows last week. Net inflows into the competing ETFs issued in Hong Kong three weeks ago have, however, been below expectations – a mere $228 million. In comparison, the US ETFs recorded inflows of $221 million on Friday, May 17, alone.
The above-mentioned ETFs, with the exclusion of the decade old
GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins.
“Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency.
A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential.
Follow us for more crypto news and weather updates!
The above-mentioned ETFs, with the exclusion of the decade old
GBTC (Grayscale’s Bitcoin trust that converted into an ETF) now hold 2.78 percent of Bitcoin’s current supply in circulation, Bitcoin.com reports. They together hold 548,557 Bitcoins.“Bitcoin’s institutional adoption is happening now,” Anthony Scaramucci, SkyBridge Capital’s founder told CNBC last week. He was Donald Trump’s spokesman for a short time during his presidency.
A bullish sun shines over Bitcoin in the next 24 hours and one week horizon, signaling upside potential.
Follow us for more crypto news and weather updates!
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