Bitcoin Price Surges Toward $44K Amidst ETF Inflows and Reduced Options Interest
TL;DR
Bitcoin's price surged to nearly $44,000 as 10 spot bitcoin ETFs experienced their first net inflows in a week, adding over 4,200 bitcoin worth roughly $183 million to their holdings. Despite slowing outflows at the Grayscale Bitcoin Trust, which saw an average of $470 million exiting in the first six days after the ETFs began trading, the new ETFs have now seen total net inflows topping $1 billion over the first 12 trading days since approval on Jan. 10.
- Bitcoin Price Nears $44K as ETFs See Net Inflows for First Time in a Week CoinDesk
- Bitcoin's recent uptick correlates with reduced open interest in options, analyst points The Block
- Bitcoin Heads Toward Winning Streak Last Seen in Pandemic Before Record High Bloomberg
- Bitcoin traders dismiss BTC price 2-week highs amid new liquidity drop Cointelegraph
- Bitcoin price could rally as buying power increases with rise in exchange stablecoin reserves FXStreet
Want the full story? Read the original reporting
Read on CoinDesk