Despite Bitcoin hitting a new high above $124,000, Bitcoin ETF inflows were modest.
Despite Bitcoin breaking through $124,000 last Wednesday, BTC failed to drive significant ETF inflows last week, with net inflows of only $552 million, representing only about 15% of total inflows for the week.
In contrast, Ethereum ETFs saw inflows of $2.9 billion, leading all major cryptocurrencies and demonstrating continued growth in investor demand.
Despite Bitcoin breaking through $124,000 last Wednesday, BTC failed to drive significant ETF inflows last week, with net inflows of only $552 million, representing only about 15% of total inflows for the week.
In contrast, Ethereum ETFs saw inflows of $2.9 billion, leading all major cryptocurrencies and demonstrating continued growth in investor demand.
Bitcoin hovered around $114,000 on Thursday as investors remained cautious ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole symposium and amid growing uncertainty about political pressure on the Fed.
As of 10:17 a.m. ET, the world's largest cryptocurrency rose 0.3% to $114,120.
In the previous session, Bitcoin had fallen to a low of $112,386, nearly hitting a six-week low.๐ฒ๐ฒ๐ฒ
As of 10:17 a.m. ET, the world's largest cryptocurrency rose 0.3% to $114,120.
In the previous session, Bitcoin had fallen to a low of $112,386, nearly hitting a six-week low.๐ฒ๐ฒ๐ฒ
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5 Undervalued Altcoins with Greater Growth Potential Than DOGE and SHIB
XYZVerse ($XYZ), a meme coin, made headlines for its ambitious presale goal of raising its value from $0.0001 to $0.1. It's already halfway there, having raised over $15 million, and the $XYZ token currently trades at $0.005. In the upcoming 14th presale phase, the $XYZ token will see its value rise further to $0.01, offering early investors the opportunity to secure an even greater discount. Following the presale, $XYZ will be listed on major centralized and decentralized exchanges. The team hasn't yet revealed specific details, but has released a teaser for the upcoming launch.
XYZVerse ($XYZ), a meme coin, made headlines for its ambitious presale goal of raising its value from $0.0001 to $0.1. It's already halfway there, having raised over $15 million, and the $XYZ token currently trades at $0.005. In the upcoming 14th presale phase, the $XYZ token will see its value rise further to $0.01, offering early investors the opportunity to secure an even greater discount. Following the presale, $XYZ will be listed on major centralized and decentralized exchanges. The team hasn't yet revealed specific details, but has released a teaser for the upcoming launch.
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