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Bitcoin
Bitcoin (BTC)
$104,820.00 0.32569
Bitcoin price
Ethereum
Ethereum (ETH)
$2,540.28 -0.53038
Ethereum price
BNB
BNB (BNB)
$660.13 -0.31884
BNB price
Solana
Solana (SOL)
$157.54 -1.03368
Solana price
XRP
XRP (XRP)
$2.19 0.70166
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 -1.11852
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -6.05426
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -0.69371
Bonk price
dogwifhat
dogwifhat (WIF)
$0.855667 -7.70415
dogwifhat price
Popcat
Popcat (POPCAT)
$0.366974 -0.9672
Popcat price
Bitcoin
Bitcoin (BTC)
$104,820.00 0.32569
Bitcoin price
Ethereum
Ethereum (ETH)
$2,540.28 -0.53038
Ethereum price
BNB
BNB (BNB)
$660.13 -0.31884
BNB price
Solana
Solana (SOL)
$157.54 -1.03368
Solana price
XRP
XRP (XRP)
$2.19 0.70166
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 -1.11852
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -6.05426
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -0.69371
Bonk price
dogwifhat
dogwifhat (WIF)
$0.855667 -7.70415
dogwifhat price
Popcat
Popcat (POPCAT)
$0.366974 -0.9672
Popcat price
Bitcoin
Bitcoin (BTC)
$104,820.00 0.32569
Bitcoin price
Ethereum
Ethereum (ETH)
$2,540.28 -0.53038
Ethereum price
BNB
BNB (BNB)
$660.13 -0.31884
BNB price
Solana
Solana (SOL)
$157.54 -1.03368
Solana price
XRP
XRP (XRP)
$2.19 0.70166
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000129 -1.11852
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 -6.05426
Pepe price
Bonk
Bonk (BONK)
$0.0000166 -0.69371
Bonk price
dogwifhat
dogwifhat (WIF)
$0.855667 -7.70415
dogwifhat price
Popcat
Popcat (POPCAT)
$0.366974 -0.9672
Popcat price

Bitcoin holding strong at $67k amid solid ETF inflows

Dorian Batycka
Edited by
Markets
Bitcoin holding strong at $67k amid solid ETF inflows

Bitcoin’s surge above the $67,000 mark came along with solid spot exchange-traded fund inflows and increased short liquidations.

Bitcoin (BTC) is up 2% in the past 24 hours and is trading around $67,000 at the time of writing. Yesterday, Oct. 15, the flagship crypto asset surpassed $67,500 and even got close to the $68,000 zone, marking a two-month-high.

Bitcoin holding strong at $67k amid solid ETF inflows - 1
BTC price – Oct. 16 | Source: crypto.news

BTC’s market cap is currently hovering at $1.32 trillion with a daily trading volume of almost $50 billion. It’s rising trading volume shows increased interest from short-term holders and traders, potentially increasing Bitcoin’s price volatility.

The market-wide surge came as the U.S.-based spot BTC ETFs registered three consecutive trading days of inflows. These investment products closed last week with $253.6 million and started this week with $555.9 million in net inflows, respectively.

According to data provided by Farside Investors, spot BTC ETFs saw $371 million in net inflows, led by BlackRock’s IBIT ETF’s $288.8 million inflow, on Tuesday, Oct. 15.

Fidelity’s FBTC, Ark Invest’s ARKB and Grayscale’s mini BTC Trust assisted with $35 million, $14.7 million and $13.4 million in inflows, respectively. 

Grayscale’s GBTC, VanEck’s HODL, WisdomTree’s BTCW and Bitwise’s BITB also joined the list with $8 million, $7.6 million, $2.8 million and $0.7 million in inflows, per Farside Investors’ data.

At this point, spot BTC ETFs have recorded $19.8 billion in net inflows since their launch in January.

The U.S.-based spot Ethereum (ETH) ETFs, on the other hand, witnessed $12.7 million in net outflows amid mixed demand signals from investors. Grayscale’s ETHE fund saw $15.3 million in outflows while Fidelity’s FETH recorded $2.6 million in inflows. 

The remaining ETH investment products stayed neutral.

It’s important to note that Bitcoin and altcoin prices are experiencing high volatility due to increased liquidations and short-term profit-taking.