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Despite market FUD, the net inflow to Bitcoin's largest wallets reached its highest level since late May.This massive BTC was valued at approximately $436 million and marks the whale volume for June 24 alone. This ongoing acquisition of Bitcoin by a large whale comes as a much-needed vote of confidence for the digital currency. With this backing from large whales, The spot Bitcoin ETF market also comes as a major dormant propeller for the price of BTC.
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Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MDSpot Ether ETFs won’t see the same flows as Bitcoin ETFs on the first trading day as Ethereum is far more difficult to value, says Fireblocks’ Stephen Richardson.
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