Bitcoin ETFs have attracted nearly $250 million worth of fresh inflows
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In the meantime, various Bitcoin exchange-traded funds managed to attract a total of $248 million worth of net flows on Wednesday. This signals that institutional demand remains rather strong despite Bitcoin's underwhelming price action. According to QCP, the market is likely to remain"range-bound" until there is more clarity regarding the Federal Reserve's interest rate decision.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
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