The investment landscape for Bitcoin has witnessed a significant transformation, marked by a surge in public funds inflow. A single-day contribution of $43 million was noted, accounting for 10% of the year's total. In the past week and month, inflows reached $66 million and $145 million respectively, leading to a year-to-date total of $428 million.
A large portion of these funds was directed towards Bitcoin ETPs, with 21Shares Bitcoin ETP and CI Galaxy Bitcoin ETF receiving $12 million and $11 million respectively. This trend signifies a strategic shift towards digital assets in investments.
Today, Bitcoin (BTC) displayed a bullish bias, breaking crucial barriers while discussions regarding spot BTC ETF continue amidst the SEC's delayed decision.
Alongside Bitcoin, Ethereum-killer Solana (SOL) has been confronting stiff resistance at $30.24 following an uptrend in October, with bears currently caged. On the other hand, Chainlink (LINK) experienced a massive rally, enriching many holders before hitting a peak at $10; a crash is forecasted.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.