Bitcoin Maintains $70K as Traders Brush Off ETF Inflows Decline
Bitcoin briefly surpassed $71,000, driven by new institutional product offerings and demand from traditional desks. The London Stock Exchange approved a marketplace for trading BTC and ETH exchange-traded notes, leading to strong upside momentum for BTC. Projects linked to Coinbase Ventures recorded the most gains, with an average 10% increase, while the broader CoinDesk 20 index rose 4.47%. Despite waning ETF inflows, market analysts are not concerned, as long-term investors may have partially profited from their positions.