Bitcoin ETFs Witness 18 Straight Days Of Inflows, Options Traders Eye $100,000
Summary
US spot Bitcoin ETFs have seen 18 consecutive days of net inflows, totaling $15.6 billion since their launch in January, reaching $62.3 billion in assets. BlackRock's iShares Bitcoin Trust became the world's largest Bitcoin fund, surpassing Grayscale's. The SEC reluctantly permitted spot Bitcoin ETFs in January. Options traders are optimistic, focusing on call options with strike prices of $75,000, $100,000, and $80,000. Traders anticipate new all-time highs, driven by strong Bitcoin ETF flows and expectations of interest rate cuts. BTC is currently trading above $70,000, with a 5% gain over the past week, reaching $71,320.
