Tag: 1.9B

Crypto ETF products see $1.9b weekly inflow as Trump backs Bitcoin reserve idea

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Weekly inflows into crypto ETF products hit $1.9 billion, following Trump’s backing of Bitcoin reserve proposals. Nearly $2 billion flowed into crypto investment products last week, boosting year-to-date inflows to $4.8 billion, CoinShares revealed in a Jan. 27 research report. Bitcoin (BTC) continues to dominate, pulling in $1.6 billion last week, or 92% of the total inflows. Year-to-date, it has attracted $4.4 billion in investments. Short-Bitcoin ETFs also saw $5.1 million in inflows, CoinShares notes, adding that this inflow was likely from traders preparing for potential market pullbacks after Bitcoin’s…

Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

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The upcoming $1.9 billion Bitcoin monthly options expiry on Aug. 25 is key to defining whether the $26,000 support level will hold. One could pin the recent cryptocurrency market sell-off on the United States Securities and Exchange Commission (SEC) delaying its decision on spot Bitcoin exchange-traded funds, but there’s also the macroeconomic perspective. If the Federal Reserve’s efforts to curb inflation work, it’s probable that the trend of a stronger U.S. dollar will persist. This was evident as the U.S. Dollar Index (DXY), a measure of the dollar against other currencies,…