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Bitcoin ETF flows turn positive for year
The Block·
The global head of ETFs at BNY Mellon reported that Bitcoin ETF flows have become positive for the year. This indicates a significant shift in investor sentiment and capital allocation towards Bitcoin investment vehicles. The positive inflows suggest renewed confidence in the cryptocurrency market and its potential for growth, potentially driven by institutional adoption and increasing accessibility through regulated products. This trend could signal a broader recovery or bullish phase for digital assets.
Tickers
$BTC-USD
Tags
crypto
fintech
etf
Original Source
The Block — theblock.co