The post Bitcoin Surges Past $100,000 Amid Strong Spot ETF Buying Sentiment and Record Inflows appeared on BitcoinEthereumNews.com.

According to recent data from Deribit, the market observed a robust buying sentiment for Bitcoin spot ETFs during the past week, resulting in a remarkable total net inflow of $2.775 billion. This influx translated into a significant increase in holdings by 28,606.26 BTC. Notably, on Thursday, Bitcoin’s price surged past the critical threshold of $100,000, marking a pivotal moment in its trading history. Dominating the holdings, BlackRock showcased substantial investment activity, securing 26,880.87 BTC in just one week, which represents 81.7% of the cumulative holdings. Conversely, Grayscale reported a reduction in its asset base, declining by 3,113.12 BTC, while other institutional entities recorded positive inflows, highlighting a dynamic and evolving crypto investment landscape. This trend illustrates the increasing institutional interest in digital assets. Source: https://en.coinotag.com/breakingnews/bitcoin-surges-past-100000-amid-strong-spot-etf-buying-sentiment-and-record-inflows/

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Filed under: News - @ December 9, 2024 2:24 am