Bitcoin ETFs have erased a $5.8 billion hole

Bitcoin ETFs have erased a $5.8 billion hole

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

Bitcoin BTC$84,561.87 investors have done it.

They’ve poured billions into U.S.-listed spot bitcoin exchange-traded funds (ETFs) in recent weeks.

The result: these ETFs now sit on nearly $800 million in net inflows for the year, according to data source SoSoValue.

That’s a 180-degree turn from the red ink earlier this year.

On July 13, the same ETFs were down $5.8 billion for the year.

That was the low point, according to data analyzed by CoinDesk.

The turnaround lines up with bitcoin’s price recovery to $85,000 from under $58,000 in early June.

That price rise, combined with the ETF inflows, has convinced some analysts a new bull run is already underway.

Nearly $4 billion of those inflows have come in since U.S.

Analiz: Piyasa hareketliliği devam ediyor.