The $63 billion revolving door carrying the entire US Bitcoin ETF market
Bitcoin's best and newest large buyer has no face, no investment committee, and no public opinion about whether the price looks cheap. It appears near the end of the US trading day as an entry beside an ETF ticker, and on Aug. 27 that entry showed $277.6 million flowing into IBIT while the entire US […] The post The $63 billion revolving door carrying the entire US Bitcoin ETF market appeared first on CryptoSlate.
Key Takeaways
- Bitcoin's best and newest large buyer has no face, no investment committee, and no public opinion about whether the price looks cheap.
- It appears near the end of the US trading day as an entry beside an ETF ticker, and on Aug.
- 27 that entry showed $277.6 million flowing into IBIT while the entire US […] The post The $63 billion revolving door carrying the entire US Bitcoin ETF market appeared first on CryptoSlate.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
Bitcoin Price Faces $82K Wall as Weekend Momentum Fizzles
At 9:30 a.m., bitcoin’s price was clocking roughly $79,750 to $80,100 per unit on Sept. 6, stuck in a tight weekend range after its early-September run above $82,000 lost steam. There’s a great deal happening under the surface, though: BTC’s price remains…
Satoshi-era Bitcoin wakes after 16 years of dormancy as 600 BTC moves
Whale Alert identified 12 mining rewards totaling 600 BTC that moved after 16 years of dormancy, with the onchain tracking platform finding no connection to Satoshi Nakamoto.
This Crypto Project Just Funded 1,000 Student Loans Entirely On-Chain
The team behind Pencil Finance says the financing supported thousands of Southeast Asian students, but it did not disclose borrower costs, defaults, or investor returns.