Bitcoin ETFs Add Over $1B as Investor Sentiment Turns Bullish
Bitcoin Magazine
Bitcoin ETFs Add Over $1B as Investor Sentiment Turns Bullish
Bitcoin exchange-traded funds have taken in over $1 billion in fresh cash over the past three days, helping propel the leading cryptocurrency to nearly $73,000.
Just on Wednesday, investors bought over $500 million worth of shares in the funds managed by BlackRock, Fidelity, and Grayscale, according to data from Farside Investors.
Bitcoin’s price has surged this week, and on Thursday reached $72,659 before dropping slightly. It was recently priced at $72,606, a 10% 24-hour rise. Bitcoin is currently a little over 40% below its October record of $126,080.
President Trump on Wednesday held a meeting at the White House with crypto executives like Coinbase CEO Brian Armstrong, as well as regulators like Securities and Exchange Commission Chair Paul Atkins.
At a press conference after, the president said that the Clarity Act was a “very, very powerful” piece of legislation and urged lawmakers to pass it.
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