PiCK
US Bitcoin ETF sees $1.8 billion inflow this week… "Asset markets rise on trade deal expectations"
Minseung Kang
Summary
- It was reported that over $1.8 billion has flowed into the US Bitcoin ETF this week.
- The expectation of the resumption of US-China trade negotiations contributed to the spread of preference for risk assets.
- It was reported that $106.8 million also flowed into the Ethereum spot ETF.
This week, over $1.8 billion (approximately 2.524 trillion KRW) has flowed into the US Bitcoin (BTC) spot Exchange Traded Fund (ETF).
According to investment firm Farside Investors on the 3rd, $1.805 billion has flowed into the US Bitcoin ETF this week. It is interpreted that the expectation of the resumption of trade negotiations between the US and China has spread a preference for risk assets across the global stock and virtual asset (cryptocurrency) markets.
Meanwhile, it was recorded that $106.8 million also flowed into the Ethereum spot ETF.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
