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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.
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Hot right now:

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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.

Bitcoin reclaims $60K amid largest ETF inflow since July 22, led by BlackRock

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Quick Take

On Aug. 8, Bitcoin surged to reclaim the $60,000 mark, a significant recovery from its low of $49,000 on Aug. 5.

Bitcoin

This resurgence in Bitcoin’s price coincided with notable inflows of $194.6 million into Bitcoin ETFs, marking the most significant inflow since July 22. BlackRock’s IBIT led the charge with a $157.6 million inflow, its largest since July 29. Fidelity’s FBTC saw an inflow of $65.2 million, the first since July 26, while Ark’s ARKB and WisdomTree’s BTCW recorded inflows of $32.8 million and $118.5 million, respectively. However, Grayscale’s GBTC experienced a significant outflow of $182.9 million, the largest since April 8.

Bitcoin ETF Flows: (Source: Farside)
Bitcoin ETF Flows: (Source: Farside)

Ethereum

In contrast, Ethereum ETFs experienced a $2.9 million outflow. Grayscale’s ETHE saw reduced outflows of $19.8 million, while BlackRock’s ETHA registered an inflow of $11.7 million. Despite these figures, total outflows for Ethereum ETFs now stand at $390.6 million, according to Farside data.

Ethereum ETF Flows: (Source: Farside)
Ethereum ETF Flows: (Source: Farside)

Bitcoin ETF options are expected to go live in Q4, potentially driving further market activity.

The post Bitcoin reclaims $60K amid largest ETF inflow since July 22, led by BlackRock appeared first on CryptoSlate.

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