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🟠BITCOIN ETF FLOWS HIT $216.33M

🟠BITCOIN ETF FLOWS HIT $216.33M

Day: 10 | Time: 21:28:28 Eleven Bitcoin exchange-traded funds (ETFs) in the United States recorded a net flow of $216.33 million on Tuesday, maintaining a streak of positive flows for the third consecutive day. This trend highlights increasing investor interest and confidence in Bitcoin despite recent market volatility. BlackRock's IBIT fund, the largest Bitcoin fund by net asset value, recorded the highest flow with $121.03 million. Fidelity's FBTC followed with a net flow of $90.95 million. Data from SoSoValue also indicates that Ark Invest and 21Shares' ARKB recorded flows of $43.3 million, while VanEck's Bitcoin fund reported $3.27 million in positive flows. On the other hand, the second-largest Bitcoin ETF, Grayscale's GBTC, recorded a negative flow of $37.5 million, while Bitwise's BITB reported net outflows of $4.72 million. In total, $1.19 billion was traded through these 11 Bitcoin ETFs on Tuesday. Since January, these ETFs have seen total net flows of $15.27 billion. The price of Bitcoin increased by 2.75% today, reaching $59,470. However, there has been a drop in BTC in the current situation after news broke that the German government has deposited Bitcoin to sell on exchanges. The cryptocurrency was launched by the Mt. Gox exchange, which was liquidated last Friday. The price of Bitcoin had dropped to around $53,000 when Gox began moving its Bitcoin to pay off $9 billion. Additionally, Federal Reserve Chairman Jerome Powell stated in a congressional speech on Tuesday that the US economy is no longer overheating and that the labor market appears to be "fully back in balance." Investors are now awaiting key US economic data expected this week, with initial jobless claims and the consumer price index scheduled for Thursday.

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