$BlackRock(BLK)$ buys 2660 $Bitcoin(BTC.USD.CC)$ , largest inflow in six weeks. Big players like Fidelity and ARK Invest just scooped over $40M in BTC
@thomas_fahrer
$BTC ETF see inflow of $274,600,000 on Tuesday, adding to a $350M two-day streak—a notable reversal from last week’s weak momentum.
@bitwardinvest
Seems $Bitcoin(BTC.USD.CC)$ volume has trickled to a virtual halt, and net inflows were positive for the first time in a while.
Have Bitcoin ETF outflows finally reversed?
After weeks of sustained outflows, totaling over $5b, the largest since the ETFs launched, Bitcoin ETF flows are showing signs of a turnaround. Inflows this week are already over $274M. Historically, Bitcoin ETF outflows have been short-lived, as the steady accumulation from long-term investors quickly offsets temporary selling pressure.
The question now: will that pattern hold this time? One incomplete week isn’t enough to confirm a trend, but if inflows persist, it could signal the end of this recent flight from Bitcoin and crypto.
Markets tend to overshoot in both directions.
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The top 10 companies holding the most Bitcoin: $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$,$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $CleanSpark, Inc.(CLSK)$ worth look at.
https://www.coingecko.com/
🌟🚀Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$
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