Bitcoin is witnessing changing tides when it comes to ETF flows after a turbulent first two weeks — can BTC price strength recover?
Bitcoin (BTC) saw two-month lows this week, but evidence suggests that the BTC price bottom may be in.
Data from Cointelegraph Markets Pro and TradingView continues to track an ongoing bounce on BTC/USD after a trip to $38,500.
Dust is settling on the first two weeks’ trading of the United States’ first spot Bitcoin exchange-traded funds (ETFs). Outflows from the Grayscale Bitcoin Trust (GBTC) appear to be cooling, and optimism over a general reduction in institutional selling pressure is slowly rising.
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Source: https://cointelegraph.com/news/bitcoin-price-hitting-38-5-k-marked-etf-dip