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bacaartikeldisiniaja - Bitcoin price rose nearly 3% today due to strong inflows into US spot Bitcoin ETFs. These remarkable outflows, which have continued in recent days, reached nearly $900 million on Tuesday, June 4, marking the second largest outflow since the ETF's launch in January.
Meanwhile, investors were boosted by optimistic forecasts from 10X Research.Bitcoin ETF inflows are the second largest. US Bitcoin ETFs saw outflows of $886.6 million yesterday, according to Farside Investors. More importantly, these large investments reflect the growing interest of companies in Bitcoin.Meanwhile, some of the biggest contributors were Fidelity ETF FBTC with inflows of $379 million and BlackRock ETF IBIT with $274 million. In addition, Grayscale ETF GBTC also recorded inflows of $28.2 million.
In fact, the sector saw an impressive inflow of $1 billion in the first two days of the week alone.Nate Geraci, president of ETFStore, praised the large flows into the investment vehicle. up close Additionally, Bloomberg analyst James Seyffart said investor interest in Bitcoin ETFs will increase in the coming weeks.Due to high penetration in enterprise products, 10X Research has increased the information. They have provided some very positive reports about the future of Bitcoin, indicating that Bitcoin will soon reach an all-time high.Meanwhile, according to the research firm, the inflation forecast is due to a number of factors driving current inflation.
They pointed to inflation as the main driver, suggesting that Bitcoin's role as a hedge is increasing.Based on these predictions, Bitcoin mining stocks are also showing an upward trend. Bitdeer is up 13% after a $100 million private equity round from Tether, with another $50 million likely to be raised. Bitfarms is also gaining attention as a leading acquisition candidate in the field.
Growing interest and high inflows into Bitcoin ETFs indicate corporate confidence in the cryptocurrency. Market sentiment is very positive, with the participation of the US spot Bitcoin ETF. USA which attracts large investors and several indices experience significant gains.Bitcoin price rose 3.02% to $71,047.38 and trading volume increased 22.74% to $36.84 billion. Additionally, open Bitcoin funds increased by 5.36% to $37.75 million, or 529.64K BTC, according to data from Coinglass. The recent rise in the price of Bitcoin, along with the positive OI, indicates strong interest in the leading cryptocurrency..
