The post Bitcoin ETF Sees Record $1.644 Billion Net Inflow as Price Climbs 14% in Historic Trading Week appeared on BitcoinEthereumNews.com.

According to recent data from COINOTAG News on November 16th, the net inflow of spot Bitcoin ETFs reached an impressive $1.644 billion last week. This surge occurred alongside a robust trading volume of $29 billion, marking it as the third-largest weekly trading volume in history. The cryptocurrency market has shown resilience, with Bitcoin experiencing a notable price increase of 14% over the week. Notable institutional movements include an inflow of $1.866 billion directed towards BlackRock, while outflows were observed with $153 million exiting Ark Invest and $66 million from Bitwise. These trends underscore increasing institutional interest in Bitcoin, further solidifying its position in the financial market. As such, investors and analysts alike are closely monitoring fiduciary movements and their implications on the broader cryptocurrency landscape. Source: https://en.coinotag.com/breakingnews/bitcoin-etf-sees-record-1-644-billion-net-inflow-as-price-climbs-14-in-historic-trading-week/

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Filed under: News - @ November 16, 2024 1:19 pm