{"id":2437,"date":"2024-06-06T05:46:31","date_gmt":"2024-06-06T05:46:31","guid":{"rendered":"https:\/\/cryptd.in\/btc-price-came-3-away-from-charting-new-ath-as-bitcoin-etf-inflow-streak-equals-record\/"},"modified":"2024-06-06T05:46:31","modified_gmt":"2024-06-06T05:46:31","slug":"btc-price-came-3-away-from-charting-new-ath-as-bitcoin-etf-inflow-streak-equals-record","status":"publish","type":"post","link":"https:\/\/cryptd.in\/lv\/btc-price-came-3-away-from-charting-new-ath-as-bitcoin-etf-inflow-streak-equals-record\/","title":{"rendered":"BTC Price Came 3% Away From Charting New ATH as Bitcoin ETF Inflow Streak Equals Record"},"content":{"rendered":"<p>After a relatively quiet and sluggish weekend, bitcoin\u2019s price started moving north once again at the start of the business week and kept rising until it popped to $71,767 (on Bitstamp) yesterday evening.<\/p>\n<p>This came amid the growing inflows toward most US-based spot Bitcoin ETFs, as yesterday saw nearly $500 million being poured in. Even Grayscale\u2019s GBTC saw positive flows.<\/p>\n<p>What\u2019s even more impressive about the amount of USD going into the largest US spot BTC ETFs is the streak they have been on.<\/p>\n<p>The last time there were outflows from these financial vehicles was nearly a month ago \u2013 on May 10. Since then, there have been very few occasional outflows from certain ETFs, like $100 million being <a href=\"https:\/\/cryptopotato.com\/u-s-spot-bitcoin-etfs-see-longest-inflow-streak-since-february\/\">taken out<\/a> of Ark Invest\u2019s ARKB on May 30, but the overall numbers have not been in the red.<\/p>\n<p>Thus, the positive streak of consecutive inflow days has risen to 16, which equals the previous record set in February. As <a href=\"https:\/\/cryptopotato.com\/us-spot-bitcoin-etfs-record-second-best-day-ever-as-btc-price-taps-2-week-high\/\">zi\u0146oja .<\/a> recently, June 4 saw the second-biggest day of inflows ($886.6 million), while the <a href=\"https:\/\/farside.co.uk\/?p=1321\" target=\"_blank\" rel=\"noopener\">number<\/a> for yesterday was $488.1 million.<\/p>\n<p>Fidelity\u2019s FBTC was once again in the lead, raking in more than $220 million. BlackRock\u2019s IBIT followed suit with $155.4 million, and even Grayscale\u2019s GBTC, which has seen the most substantial outflows ever since its conversion, gathered $14.6 million.<\/p>\n<p>These positive numbers were perhaps the main source fueling another price rally for the underlying asset. BTC had dipped to around $69,000 on June 4 but started gaining traction once again yesterday and soared to a 15-day peak of $71,767 (Bitstamp).<\/p>\n<p>As such, bitcoin came less than 3% away from its all-time high set on March 14 ($73,737). Despite losing around a grand since then, the crypto community believes charting a fresh peak is a matter of when and not if.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/06\/BTCUSD-5.png\"><\/a>Bitcoin\/Price\/Chart 06.06.2024. Source: TradingView<\/p>\n<p>Amats <a href=\"https:\/\/cryptopotato.com\/btc-price-came-3-away-from-charting-new-ath-as-bitcoin-etf-inflow-streak-equals-record\/\">BTC Price Came 3% Away From Charting New ATH as Bitcoin ETF Inflow Streak Equals Record<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>After a relatively quiet and sluggish weekend, bitcoin\u2019s price started moving north once again at the start of the business week and kept rising until it popped to $71,767 (on Bitstamp) yesterday evening. This came amid the growing inflows toward most US-based spot Bitcoin ETFs, as yesterday saw nearly $500 million being poured in. Even [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2437","post","type-post","status-publish","format-standard","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BTC Price Came 3% Away From Charting New ATH as Bitcoin ETF Inflow Streak Equals Record - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/lv\/btc-price-came-3-away-from-charting-new-ath-as-bitcoin-etf-inflow-streak-equals-record\/\" \/>\n<meta property=\"og:locale\" content=\"lv_LV\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC Price Came 3% Away From Charting New ATH as Bitcoin ETF Inflow Streak Equals Record - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"After a relatively quiet and sluggish weekend, bitcoin\u2019s price started moving north once again at the start of the business week and kept rising until it popped to $71,767 (on Bitstamp) yesterday evening. This came amid the growing inflows toward most US-based spot Bitcoin ETFs, as yesterday saw nearly $500 million being poured in. 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