Crypto

BTC Prices Take Breather as Exchange-Traded Funds Record Another Day of Monster Inflows

After a significant pump earlier in the week, the market took a breather as U.S. bitcoin exchange-traded funds (ETFs) saw a second consecutive day of strong inflows. On Wednesday, the ETFs recorded over $893 million in inflows, following a $879 million influx on Tuesday. This marks the first time there have been back-to-back inflows of more than $850 million. Since their introduction in January, cumulative net inflows have now reached $24 billion, according to data from Farside Investors.

Investors continue to show confidence in bitcoin ETFs, with the recent inflows indicating a growing interest in the digital asset. The market’s stability in the face of recent fluctuations is a positive sign for the overall health of the cryptocurrency sector.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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