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Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend Cointelegraph 17 Oct 2024

Bitcoin ETFs hit $20B milestone as price remains stuck in downtrend 📉

Bitcoin

Bitcoin ETFs have recently achieved a significant milestone, hitting $20 billion in net flows. This accomplishment indicates a strong interest from investors despite the prevailing downtrend in Bitcoin prices.

The price of Bitcoin has been in a downward trend for seven months, illustrating a divergence between the demand for ETFs and the actual market price of Bitcoin.

This record ETF net flow suggests confidence among investors in the long-term potential of Bitcoin, even as its current trading value struggles to gain momentum.

Source: cointelegraph.com ↗

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