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The most popular digital currency traded 7% higher, at 67,580.70 as of 3:30 p.m. on Monday ??? a 300% improvement from its nadir 8212; and within striking distance of its all-time high of $68,999. ???More products are great, but I just don???t see the point of investing in futures-based bitcoin ETFs when you can buy the asset in the spot market,??? Jodie Gunzberg, managing director of CoinDesk Indexes, said to NBC News. Strategy and business building for the data-driven economy Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. The iShares bitcoin ETF (IBIT) saw the most inflow of $451.5 million, while the remaining products had inflow of approximately $36.7 million. Bitcoin price remained well-bid above the $60,000 support zone. A base was formed, and the price started a fresh increase above the $62,000 resistance. |
