Bitcoin Approaches $45,000 With US Spot ETFs Showing Steady Inflows
- Spot ETFs have seen net positive inflows for nine trading days
- Crypto advocates are turning their attention to the ‘halving’
This article is for subscribers only.
Bitcoin topped $45,000 for the first time in almost a month with the US exchange-traded funds holding the digital currency seeing a steady inflow of cash from investors and risk appetite rising across financial markets.
The largest cryptocurrency rose as much as 3.2% to $45,600 on Thursday. Bitcoin last traded above $45,000 on Jan. 12, the day after the ETFs began trading. After being weighed down initially by outflows from the Grayscale Bitcoin Trust, the funds have seen net inflows for nine consecutive trading sessions through Wednesday, data compiled by Bloomberg show.