Bitcoin ETFs swing positive as BTC holds above $81,000
US spot Bitcoin ETFs recorded $593 million in inflows over Thursday and Friday, reversing earlier outflows and helping Bitcoin move back above $81,000 for the first time in a fortnight.
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06:58:06 AM UTC
SquawkNews
0657 GMT - Bitcoin remains elevated above $81,000 after reaching a two-and-a-half-week high overnight. Bitcoin is supported by stronger exchange traded fund inflows, positive regulatory developments and investors closing earlier bets against the cryptocurrency, Zaye Capital Markets analyst Naeem As…
US spot Bitcoin exchange-traded funds recorded strong inflows at the end of last week, fully reversing earlier outflows and helping push the original cryptocurrency back above $81,000 for the first time in a fortnight. The ETFs took in $593 million over Thursday and Friday, offsetting earlier withdrawals and supporting the move higher.