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Home Business & Finance

Bitcoin ETFs Experience Four Consecutive Weeks of Inflows Totaling $3.1 Billion

Nnaemeka OkwarabyNnaemeka Okwara
July 22, 2024
in Business & Finance
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Bitcoin ETFs Experience Four Consecutive Weeks of Inflows Totaling $3.1 Billion
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CoinShares Ltd’s data shows that Bitcoin ETFs have had inflows for four straight weeks, adding up to $3.1 billion. This investment wave coincides with the cryptocurrency’s highest price in more than a month.

Just last week alone, Bitcoin ETFs received an inflow of $1.27 billion, which is indicative of increased investor interest. After losing $1.2bn in two weeks, the trend demonstrates how sentiment toward market has changed significantly hence causing Bitcoin ETFs to lose money recently.

The rise of Bitcoin ETFs underscores the growing attraction surrounding cryptocurrency based investments

Tags: BitcoinBitcoin ETFs Experience Four Consecutive Weeks of Inflows Totaling $3.1 BillionETFfederal characterFinanceInflowsNews
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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