The price of Bitcoin BTC $97 452
24h volatility: 1.3% Market cap: $1.93 T
Vol. 24h: $27.15 B
is taking a breather, but don’t be alarmed! The Bitcoin bull run might not be over yet. CryptoQuant CEO, Ki Young Ju, believes that the secret to Bitcoin’s continued growth lies in the demand for BTC Exchange Traded Funds (ETFs)!
The rally will continue as long as more moolah flows into Bitcoin ETFs than leaves. However, the market might turn grumpy if withdrawals outpace new investments for a prolonged period.
ETF Outflow and Inflow Trend
While ETF inflows have decreased, they still surpass outflows. This means institutional investors still fancy Bitcoin, despite the market rollercoaster.
Bitcoin ETFs recently experienced a $71.07 million outflow as of February 19, marking the second consecutive day of net outflows. But don’t worry, the overall trading volume for Bitcoin ETFs remains strong at $2.05 billion!
Despite some investors withdrawing, big financial institutions are still diving into Bitcoin ETFs. Just look at Abu Dhabi’s Sovereign Wealth Fund, which recently invested a whopping $437 million in BlackRock’s IBIT!
Bitcoin Price Dips as Market Confidence Wavers
Bitcoin is now going for $97,000, a bit lower than its record-breaking $109,200 high last month. This drop is due to uncertainty surrounding President Donald Trump’s plan to create a Strategic Bitcoin Reserve.
But fear not! The SEC has launched the Crypto Task Force, led by Hester Peirce, to help create the proposed national Bitcoin reserve. So, buckle up, dear crypto enthusiasts! The Bitcoin bull market is still going strong!
Read More
- POPCAT PREDICTION. POPCAT cryptocurrency
- Who Is Finn Balor’s Wife? Vero Rodriguez’s Job & Relationship History
- The White Lotus’ Aimee Lou Wood’s ‘Teeth’ Comments Explained
- General Hospital Cast: List of Every Actor Who Is Joining in 2025
- Beauty in Black Part 2 Trailer Previews Return of Tyler Perry Netflix Show
- Leaked Video Scandal Actress Shruthi Makes Bold Return at Film Event in Blue Saree
- Kingdom Come Deliverance 2: How To Clean Your Horse
- Who Is Al Roker’s Wife? Deborah Roberts’ Job & Relationship History
- One Piece Chapter 1140 Release Date, Time & Where to Read the Manga
- Clare Crawley Subtly Reacts to Matt James & Rachael Kirkconnell Split
2025-02-20 15:59