US Spot Bitcoin ETFs Pull in Nearly $1B for a Third Straight Week
US spot Bitcoin ETFs recorded nearly $1 billion in net inflows last week, extending their positive run to three consecutive weeks as institutional demand continued to recover.
Bitcoin
31
August
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By John Isige - 37
Over the past two weeks, the BTC/USD pair has strengthened on the back of monetary factors.
17
August
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By John Isige
- 59
BTC/USD remains within the 65,625.00–62,500.00 sideways range, corresponding to the Murrey [6/8]–[4/8] levels. After testing the lower boundary last week, Bitcoin has recovered and is now trading around 63,500.00 as selling pressure eases.
10
August
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By John Isige
- 75
BTC/USD rebounded last week and is now trading near its monthly highs around 65,400.00 as risk appetite improved amid renewed hopes for progress toward a US-Iran agreement and softer expectations for further Federal Reserve tightening.
3
August
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By John Isige
- 83
Last week, BTC/USD resumed its decline and is currently testing the lower Bollinger Band at 62500.00, which corresponds to the Murrey [4/8] level.
27
July
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By John Isige
- 86
Since the beginning of the month, the BTC/USD pair has been attempting to stage a correction against the long-term downward trend. However, price action was mixed last week as investors remained cautious ahead of the US Federal Reserve meeting and earnings reports from major US technology companies. Today, the pair rose toward 65,625.00 (Murrey level [5/8]) amid signs of easing tensions in the Middle East and renewed demand for risk assets.
24
July
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By John Isige
- 102
BlackRock, Coinbase, Strategy and other leading financial institutions and Bitcoin companies have launched the Bitcoin Security Consortium, a new initiative focused on supporting the long-term security and resilience of the Bitcoin network. Its nine founding members have independently pledged an aggregate of $15 million over the next three years to support developers and researchers.
22
July
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By Andrew Bennett - 104
More than 90% of Satsuma shareholders approved a plan to sell all 668 BTC, return capital to investors and delist the company less than a year after launching its Bitcoin treasury strategy.
20
July
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By Andrew Bennett
- 117
Last week, BTC/USD made moderate attempts to advance before consolidating near 64,500.00. Overall, the market remains uncertain amid changing monetary policy expectations.