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Jamie Crawley Jamie Crawley

Bitcoin Retreats Following Ascent to $64K

Bitcoin ETFs saw inflows of $136 million on Tuesday, the biggest in almost a month. More importantly, the inflows were equivalent to 2,132 BTC, according to data by HeyApollo, which represents nearly five times the daily mined supply being removed from the market. Ether ETFs recorded $62.5 million in total inflows, the third-largest day for ether ETF inflows since their launch. This rebound came just a day after Ether ETFs saw their largest outflows since July. Nevertheless, ether ETFs remain firmly in the red, having experienced net outflows of $624 million since they listed on July 23.

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Jamie Crawley, Omkar Godbole

https://www.coindesk.com/markets/2024/09/25/first-mover-americas-bitcoin-retreats-following-ascent-to-64k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-09-25 11:44:38

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