Bitcoin ETFs See New ATH Inflows As Coinbase Reserves Hit 2015 Low
Summary
Bitcoin ETFs saw record-breaking inflows, led by BlackRock's IBIT with $612 million and Fidelity's FBTC with $245 million. Grayscale faced outflows of $216 million. The market saw a surge in trading volume, indicating organic demand for Bitcoin investment vehicles. Coinbase's decreasing BTC supply, coupled with increasing demand and the upcoming halving, signals a potential supply shock and heightened price volatility. BTC traded at $62,487 at the time of writing.
