Bitcoin ETFs attract $663M as Switzerland opens retail access – Can BTC break $84,300?
Photo: AMBCrypto
After weeks of uneven ETF flows, Bitcoin [BTC] has received a strong boost from institutional investors, raising hopes that demand is returning. These investment funds saw $663 million flow in just yesterday, their largest inflow in the past two months. Notably, all of those investments went to BlackRock's IBIT, reversing the cumulative ETF outflows seen in October. That indicates that demand for Bitcoin rose significantly during the same time frames when institutional investors were committing money to the asset class at varying rates. At the same time, Bitcoin [BTC] held near $82,500 after recovering from lows around $60,000 in June.
Source: AMBCrypto
