Huge inflows to the Spot Bitcoin ETFs are continuing to push bitcoin ever higher. Now $4,000 higher than its all-time-high from 2021, $BTC is maintaining its grind to the upside.
It may be that many investors and traders are getting nervous about this seemingly never-ending $BTC pump. However, massive amounts of bitcoin are being bought, and taken off of the market on a regular basis. Therefore, how does the price go down?
Record-breaking inflows
On Tuesday, a record-breaking $849 million worth of bitcoin went into the Blackrock ETF (IBIT), and this was as the Grayscale ETF (GBTC) saw its smallest outflow since February, with only $79 million leaving its fund.
Gold ETF doesn’t stand a chance
Source: Invest Answers YouTube channel
It’s not only the dollar that is fast diminishing against bitcoin. According to a chart shown on the Invest Answers YouTube channel, the amount going into the Bitcoin ETFs is now at 60% of what is in the Gold ETF ($98 billion), and the Gold ET
We współpracy z: https://cryptodaily.co.uk/2024/03/bitcoin-grinds-higher-as-heavy-buying-continues
