Bitcoin Maintains $70K as Traders Brush Off ETF Inflows Decline
TL;DR
Bitcoin briefly surpassed $71,000, driven by new institutional product offerings and demand from traditional desks. The London Stock Exchange approved a marketplace for trading BTC and ETH exchange-traded notes, leading to strong upside momentum for BTC. Projects linked to Coinbase Ventures recorded the most gains, with an average 10% increase, while the broader CoinDesk 20 index rose 4.47%. Despite waning ETF inflows, market analysts are not concerned, as long-term investors may have partially profited from their positions.
Topics:businesscryptocurrency#bitcoin#coinbase-ventures#cryptocurrency#etf#institutional-products#london-stock-exchange
- Crypto Traders Dismiss Waning ETF Inflows as Bitcoin Holds Steady Over $70K CoinDesk
- Bitcoin Jumps Back Above $70,000 With Record Highs in Sight Barron's
- Is Bitcoin's pre-halving retrace over? 52K BTC accumulated on Sunday alone Cointelegraph
- Bitcoin Tops $70000 Again After Slumping on US ETF Outflows Bloomberg
- Bitcoin rises 7.15% to $70900 Reuters
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