
US Spot Bitcoin ETFs See Over $5 Billion in January Inflows
The rising ETF inflows have been largely linked to the positive sentiment surrounding President Donald Trump’s return to office.
The rising ETF inflows have been largely linked to the positive sentiment surrounding President Donald Trump’s return to office.
Amid the uncertainty in the traditional market, and the condition of broken money, people are more like to move towards Bitcoin and other crypto altcoins, says analyst.
According to the analyst, November will pave the way for a plausible BTC surge above the $45,000 mark.
The Bitcoin market is heavily bolstered by global adoption including several institutional ETFs and the fact that it is used as legal tender in El Salvador and the Central African Republic.
Some analysts are highlighting the current hash rate, which is a measure of computational power used to mine bitcoin, as a major indicator for an imminent price surge.