All
Contribute!
BlockchainCrypto MarketCryptocurrency

Purpose Bitcoin ETF sees over $6M in inflows in past week

CoinSurges
By CoinSurges

Share This Post

Definition

The number of bitcoin flowing from/to the Purpose Bitcoin ETF.

Quick Take

  • Over 300 BTC have been added to the ETF for over three months, equating to over $6M.
  • Back in June 2022, during the Luna collapse, over 24,000 BTC were liquidated from the ETF holdings.
  • This drop saw the ETF holdings drop from 48,000 BTC to 24,000 BTC.
  • Since June, uncertainty has only escalated, which includes the FTX collapse and the ongoing issues with DCG, which has seen institutional appetite muted.
  • However, the price of Bitcoin has retraced the entire FTX collapse price dip, and the DCG/Genesis narrative is slowly ending. This has seen a slight appetite for ETF inflows.
Purpose Bitcoin ETF Flows: (Source: Glassnode)
Purpose Bitcoin ETF Flows: (Source: Glassnode)
Purpose Bitcoin ETF Holdings: (Source: Glassnode)
Purpose Bitcoin ETF Holdings: (Source: Glassnode)

The post Purpose Bitcoin ETF sees over $6M in inflows in past week appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Avalanche Soars 20% In 24 Hours – Analyst Reveals Next Price Target

Avalanche (AVAX) has made a significant move, breaking above a crucial resistance level and soaring over 20% in less than 24 hours This surge has reignited bullish sentiment among analysts and

Trump Picks ‘Most Pro-Crypto’ Treasury Secretary: Ripple CEO Declares Him the Perfect Choice

President-elect Donald Trump has picked Scott Bessent as the new Treasury Secretary Ripple’s CEO called him “the perfect pick” for advancing crypto and innovation ‘He Will

Meme Coin Showdown: Token Mill vs. Pump.fun in the Battle for Meme Coin Supremacy

While Pumpfun shattered records and set the standard for meme coin creation, it has glaring flaws Token Mill aims to fix these problems, and add additional functionality This piece is a guest post by

Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend

Chainlink (LINK) is experiencing significant growth in the cryptocurrency sector, with a 20% increase in value in just one week and a potential change in its long-term trajectory Related Reading: XRP

Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy?

The post Cardano Whales Holding $10M ADA Grow Positions by 420%, Time to Buy appeared first on Coinpedia Fintech News Cardano (ADA) has made a wild move in the past few days and has gained notable

1inch Launches Fusion+, A Cross-Chain Swapping Solution for Decentralized Transactions

1inch, a decentralized finance (defi) platform, has officially rolled out Fusion+, a cross-chain swapping tool designed to enhance the security and simplicity of decentralized transactions Fusion+ by
Previous article
Exclusive NFT presale to treat all the hard workers, feat. Snoop Dogg and Billy Ray Cyrus
Next article
Venture capital investments into blockchain continue to free-fall: Report

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.