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Bitcoin ETPs See Biggest Inflow Since July as Price Surges Coinpedia 2 days ago

Bitcoin ETPs See Biggest Inflow Since July as Price Surges 📈

Bitcoin exchange-traded products (ETPs) have seen their largest inflow since July, totaling 25,675 BTC, approximately worth $1.74 billion, in just seven days.

This surge corresponds with a 15% increase in Bitcoin's price since October 10, indicating growing optimism.

The inflow is attributed to expectations surrounding possible Federal Reserve rate cuts and a positive outlook on cryptocurrencies ahead of the upcoming U.S. election.

Additionally, U.S.-listed Bitcoin ETFs have also experienced substantial interest.

Source: coinpedia.org ↗

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