"Bitcoin ETFs Rebound as Crypto Market Focuses on Fund Flows and Regulatory Developments"
TL;DR Summary
After a week of outflows, Bitcoin ETFs saw a positive net flow of 228.97 BTC, equivalent to roughly $15 million, as Bitcoin's price surpassed $70,000. Fidelity Wise Origin Bitcoin Fund led with $262 million in BTC inflows, while Coinbase's stock received a 14% boost from BTC gains. Despite outflows from the Grayscale Bitcoin Trust, the success of new ETFs indicates institutional demand for Bitcoin, with analysts anticipating the impact on Coinbase's Q1 2024 earnings call in May.
- Bitcoin ETFs See First Green Day After Losing Nearly $1 Billion Last Week Decrypt
- Crypto Market Remains Focused on Spot Bitcoin ETF Flows Over Fundamentals: Coinbase CoinDesk
- Crypto Fund Outflows Hit a Record Last Week, CoinShares Says Bloomberg
- Cryptocurrency Market News: SEC Wants To Define Ether as a Security, Bitcoin Rebounds Investopedia
- Bitcoin ETFs see $15M comeback as BTC price taps best close in 10 days Cointelegraph
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