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USA spot Bitcoin ETF monthly inflows expected to hit a record high!
Due to Trump's support for cryptos, bitcoin, as a digital currency, has historically reached 99,588 dollars per coin, with 12 usa spot bitcoin etfs soon to welcome record monthly net inflows. Bloomberg compiled data shows that as of November, etfs issued by firms such as blackrock and fidelity investments have attracted 6.2 billion dollars in funding. The previous peak inflow of 6 billion dollars was set in February this year, when investors were excited about these products launched at the beginning of the year. A week ago, bitcoin approached the milestone level of 0.1 million dollars for the first time, just about 300 dollars short, due to Trump's commitment to abolish.
Daily digital currency update summary (2024-11-29)
According to Bloomberg, as of now, the usa has seen a net inflow of 6.2 billion dollars for 12 bitcoin spot etfs this month, surpassing the previous peak of 6 billion dollars set in February.
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Express News | Bloomberg: Many analysts predict that BTC may short-term break through 0.1 million US dollars, as the market is in the price discovery stage.
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Latest crypto news | The market in the crypto circle fluctuates significantly, with bitcoin returning to $93,000; analysts say that $0.1 million is a psychologically significant sell-off point, and it is expected that bitcoin will break through $0.1 milli
StanChart's global head of digital assets research, Geoff Kendrick, stated that the recent BTC pullback is mainly influenced by changes in the US Treasury market. He explained that the drop in US Treasury yields has boosted market confidence, potentially temporarily weakening bitcoin's appeal as a hedge tool.