US Spot Bitcoin ETFs Daily Inflows Hit $79M
On Thursday, the United States witnessed a net daily inflow of $78.93 million in spot bitcoin exchange-traded funds (ETFs), continuing a positive trend for the fifth consecutive day.
Bernstein: Bitcoin’s Price Will Reach $200,000
Bernstein analysts have given an outperform rating to Core Scientific and IREN, two companies that combine Bitcoin mining and AI data center strategies.
Bitcoin Transaction Fees Fall to Lowest Level in 4 Years
On July 7, the average fees for processing Bitcoin transactions reached their lowest point in four years, with a reported value of $38.69.
Bitcoin Mining Firm Hut 8 Expands Capacity in Texas
Canadian Bitcoin mining company Hut 8 has recently announced a power purchase agreement for a site in West Texas that provides 205 megawatts of available power.
Australia’s ASX Will List Another Spot Bitcoin ETF
DigitalX, a blockchain-focused asset management firm, has received regulatory approval to launch a spot Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX).
Crypto Investment Products Brought in $441M Last Week
Digital asset investment products have received a total of $441 million in inflows as a result of the recent sell-off by Mt. Gox and the German government.
Bitcoin Exchange-traded Funds Record Highest Inflows in 30 Days
Even though the price of Bitcoin has recently dropped to $54,000, a decrease of 25% from its peak of $73,000 in March, there has been a surge in inflows for spot Bitcoin ETFs on July 5.
