Bitcoin and Ethereum ETFs Receive Over $600 Million in Inflows as Investor Interest in New Presales Grows
Six hundred million dollars of fresh money hit Bitcoin and Ethereum ETFs, and while retail panics, the suits continue to buy relentlessly. Prices barely moved, and many are confused. What is happening is a supply shift—long-term BTC holders are selling at these levels, and institutions are buying. What happens when long-term BTC holders run out of coins to sell? BTC starts moving vertically.
Six hundred million dollars of fresh money hit Bitcoin and Ethereum ETFs, and while retail panics, the suits continue to buy relentlessly. Prices barely moved, and many are confused. What is happening is a supply shift—long-term BTC holders are selling at these levels, and institutions are buying. What happens when long-term BTC holders run out of coins to sell? BTC starts moving vertically.
What's Your Reaction?
:max_bytes(150000):strip_icc()/thinkstockphotos-461251551-5bfc34fe46e0fb00517daf60.jpg?#)
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
