Main notes
- Ibit saw more than $ 350 million in flows on May 1.
- Spot BTC ETFS exceeded $ 39.5 billion for the first time since February 21.
- Finally, Bitcoin broke the mark of $ 97,000.
Investor’s increasing optimism in volatile assets such as bitcoin
BTC
96 $ 611
24 hours fluctuation:
2.1 %
The maximum market:
$ 1.92
Folder. 24h:
$ 29.09 b
He drew the great attention to the investment products related to the leading cryptocurrency.
The boxes circulated on the stock exchange in the United States recorded a net 422.5 million dollar flow on May 1, according to it. Data from Sosovalue. Their trading volume was $ 3.52 billion.
This cumulative Spot BTC ETF Net raised 39.56 billion dollars, a level of last time on February 21.
IBIT ETF of Blackrock has taken the majority of flows over the past three weeks – more than $ 3.4 billion of net flow between April 14 and May 1. The total IBIT flows exceeded $ 43 billion.
According to the Coinspeaker report, Bitcoin whales accumulated more than 43000 BTC between April 13 and 27, indicating strong institutional support for the largest digital assets. This helped in Bitcoin from $ 75,000 to $ 97,000 in the past three weeks.
Payment or pressure?
Thanks to the growing investor optimism, Bitcoin touched the highest local level of $ 97,437 on May 1.
The strong payment raised $ 88 million in the BTC – 9 million dollars and $ 79 million, according to Data from Coinglass. The dominant short qualifiers usually indicate high prices.
Moreover, Coinglass data shows that the total open interest rate of encryption is 5.2 %, reaching $ 123.8 billion. The indicator indicates that merchants tend about the category of volatile digital assets.
When OI increases, high price retaliations become the base and usually pulled a potential rise in the market level.
The Bitcoin’s non -developing financing sector can grow with the latest developments from the SUI network. This can serve as an essential incentive for digital gold.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.
The post BlackRock ETF Tops $43B, Bitcoin Surges Past $97K first appeared on Investorempires.com.
