EddieJayonCrypto
14 Feb 24
The demand for bitcoin ETFs is on the rise, with inflows increasing for BlackRock's IBIT and outflows decreasing for Grayscale. Some traders are now forecasting a BTC price of $64,000, supported by technical analysis and buying demand from institutional investors. Inflows into popular spot bitcoin E...
The demand for bitcoin ETFs is on the rise, with inflows increasing for BlackRock's IBIT and outflows decreasing for Grayscale. Some traders are now forecasting a BTC price of $64,000, supported by technical analysis and buying demand from institutional investors. Inflows into popular spot bitcoin ETF products continue to grow, with nearly $630 million added on Tuesday, and BlackRock's IBIT retaining its position as the leading provider across the 11 ETFs. Additionally, outflows from Grayscale's Bitcoin Trust have eased, reducing selling pressure and boosting bullish sentiment. Options traders have also shown confidence in the cryptocurrency, with some bets targeting a price as high as $75,000.
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