#Bitcoin ETFs hold 851k BTC, 4.3% of circulating Bitcoin. After strong starts with inflows up to $2.5B, there's a slowdown since March. With Bitcoin at $60k after a drop, are more corrections ahead? Explore in our 'Spotlights' series:👇 https://t.co/nKg3trM1QL https://t.co/jwKT6SVzkL
Glassnode: ETFs are key players in the market whose activities could overshadow the historical impact of the halving. In comparison to past halvings, the landscape of Bitcoin's market dynamics has matured significantly, potentially reducing the direct impact of new Bitcoin… https://t.co/B1VsRacq3l
In the last 6 months, #Bitcoin surged by 136% The rise was mainly driven by ETFs, but as we near another halving, we've explored its implications, including: ⚙️ Halving process mechanics 📈 Historical impact on price ⛏️ Effects on miners
In the last 6 months, #Bitcoin surged by 136% The rise was mainly driven by ETFs, but as we near another halving, we've explored its implications, including: ⚙️ Halving process mechanics 📈 Historical impact on price ⛏️ Effects on miners More via @financemagnates:…
🟠 The approval of Bitcoin ETFs earlier this year, coupled with unprecedented demand, has led ETF issuers to accumulate over $55B (4.2% of circulating supply) in just 3 months, driving BTC to new all-time highs. Read more about #BitcoinHalving’s impact on ETFs from @AliTslm:… https://t.co/Nbzt15mGB2
The recent surge in Bitcoin prices, which saw a 136% increase over the last six months, has been significantly influenced by the activities of Bitcoin ETFs. These ETFs have accumulated over $55 billion, representing approximately 4.2% of the circulating Bitcoin supply, in just three months. This accumulation has propelled Bitcoin to new all-time highs. The ETFs now hold 851k BTC, about 4.3% of the circulating supply. Despite strong initial inflows, there has been a slowdown since March, with Bitcoin currently priced at $60k. The market dynamics of Bitcoin have evolved, with ETFs playing a crucial role that could potentially overshadow the effects of the upcoming Bitcoin halving, including its impact on miners. The halving process, known for historically impacting Bitcoin's price and mining mechanics, might see its effects diluted due to the matured market landscape.