Crypto ETFs Took In $436M Last Week
Based on the latest report from CoinShares, last week saw a $436 million increase in investment in digital assets through various products.
Microstrategy Purchases 18,300 More Bitcoins
Microstrategy on Friday announced that it had purchased 18,300 bitcoins between August 6 and September 12 for a total of $1.11 billion.
Standard Chartered: BTC Will Hit a New Record High This Year
According to Geoff Kendrick, an analyst at Standard Chartered, Bitcoin is likely to reach a new all-time high by the end of the year, regardless of the US presidential election results on November 5.
Spot Bitcoin ETFs See $44M Outflows
On Wednesday, the U.S. saw a significant decrease in net inflows for Bitcoin exchange-traded funds (ETFs), with a total of $43.97 million in outflows. This broke a two-day streak of positive inflows.
CleanSpark Buys 7 Bitcoin Mining Sites
CleanSpark announced on Wednesday that they will purchase seven bitcoin mining facilities and accompanying land in Knoxville, Tennessee for a total price of $27.5 million, which equates to roughly $324,000 per megawatt.
Arthur Hayes: Bitcoin Will Fall Below $50,000 This Weekend
On Friday, co-founder and former CEO of BitMEX crypto exchange Arthur Hayes stated that he predicts Bitcoin’s price will go below $50,000 over the weekend.
Spot Bitcoin ETFs Keep Bleeding
On September 5, the top 12 Bitcoin ETFs experienced significant outflows of $211.15 million, representing an increase of over six times compared to the previous day’s outflows of $37.29 million.
