Bitcoin ETFs see surging interest: Who’s buying and who’s selling?

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After four consecutive weeks of outflows, the total inflows of US spot Bitcoin ETF reached $116.8 million last week.

After four consecutive weeks of outflows, the total inflows reached $116.8 million last week. This resurgence in investor confidence comes amidst a 1.98% price dip in the leading cryptocurrency over the past 24 hours.Despite the price uncertainty, there’s a notable uptick in investor interest, as evidenced by recent developments.

Additionally, U.S. banking giant Wells Fargo entered the fray, holding 2,245 shares of GBTC valued at $121,207, and the list goes on.Furthermore, BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust , has reached a significant milestone, surpassing its competitors in corporate holder count.Amidst the burgeoning investor interest, discussions have been widespread within the cryptocurrency community., Grayscale’s Bitcoin Trust saw $171.

 

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