Bitcoin (BTC) is trading near $69,000, but for investors there is much more to talk about. Strong inflows of smart money into spot Bitcoin ETFs are quietly contributing to stability, defying the geopolitical instability and Bitcoin’s quantum resistance worries. The ETFs are becoming more structural, absorbing supply and cushioning downside even as volatility lingers.
The leading digital currency has seen some brief movements above $70,000 but soon fell back under the $69,000 level. This movement sparked a liquidation of around $196 million of short positions, per CoinDesk. Bitcoin is showing resilience by maintaining vital levels despite lingering macro uncertainties. Also, the Crypto Fear & Greed Index remained in the “Fear” zone at 30-35.
Spot Bitcoin ETFs See Biggest Inflows In Weeks
Bitcoin ETFs in U.S. markets attracted $471 million in inflows on Monday, according to SoSoValue. This is the largest inflow into Bitcoin ETFs since late February. Among the leaders in attracting inflows, iShares Bitcoin Trust (NASDAQ:IBIT) stands with about $182 million, followed by the …Full story available on Benzinga.com
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