EddieJayonCrypto

 14 May 24

tl;dr

Last week, the US spot Bitcoin ETF market saw a shift in investor sentiment with positive inflows of $116 million, ending a month-long streak of outflows. Bracebridge Capital, a Boston-based hedge fund, made significant investments in Ark Invest’s ARKB ETF ($262 million) and Blackrock’s IBIT ETF ($8...

US spot Bitcoin ETF market experiences notable shift in investor sentiment with $116 million positive inflows

Last week, the US spot Bitcoin ETF market saw a shift in investor sentiment with positive inflows of $116 million, ending a month-long streak of outflows.

Boston-based hedge fund Bracebridge Capital nets major ETF holdings, becoming the largest owner of Blackrock’s IBIT

Bracebridge Capital, a Boston-based hedge fund, made significant investments in Ark Invest’s ARKB ETF ($262 million) and Blackrock’s IBIT ETF ($81 million), becoming one of the largest holders of Bitcoin ETFs.

Bitcoin ETF outflows persist in Hong Kong amidst rumors of potential integration into Stock Connect system from mainland China

Meanwhile, Hong Kong's Bitcoin ETF market experienced consistent outflows, amid speculation about potential integration into mainland China's Stock Connect system. This integration could lead to a significant influx of capital from mainland China into the Bitcoin ETF market.

Additional Insights

The daily chart shows that BTC’s price is trending upward, reaching the $63,000 level with a 3% increase in the last 24 hours alone.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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