Bitcoin ETFs: Almost 3 months on, where do they stand?

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The influx of funds into Bitcoin ETFs has increased, indicating a growing interest in BTC. How will Bitcoin be impacted by this?

climbed past the $70,000 mark after staying stagnant at those levels for quite some time. However, recent interest in Bitcoin ETFs may help BTC see green yet again.As per data from SoSoValue, the aggregate net inflows into Bitcoin spot ETFs stood at $179 million on 28th March.

At press time, BTC was trading at $69,864.20 and its price had declined by 0.81% in the last 24 hours. Additionally, the total number of holders accumulating BTC had also declined. These factors could impact BTC’s price going forward.Another factor that could influence the price of Bitcoin would be the state of miners on the network. AMBCrypto’s analysis of Blockhain.com’s data revealed that the revenue collected by miners had surged.

 

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