ETFs Pour $95.82 Million into Bitcoin: Are We Heading to $60,000?
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 12 2024Cryptocurrency Market Inflows:
- Following the market's recovery, there has been a significant influx of funds from various companies, including retail and institutional investors, with notable additions to Bitcoin ETFs by Fidelity and a decrease in BTC holdings by Grayscale.
Bitcoin Market Outlook:
- Despite fluctuations, there is a positive sentiment towards Bitcoin as evidenced by institutional investments in Bitcoin ETFs, indicating a long-term belief in Bitcoin's potential benefits. Additionally, the overall cryptocurrency market capitalization has surpassed $2 trillion, suggesting stability and growth prospects.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
