Bitcoin [BTC]'s price dipping below the $60,000-mark had an extremely negative impact on the sentiment around the world's largest...
price dipping below the $60,000-mark had an extremely negative impact on the sentiment around the world’s largest cryptocurrency. And yet, recent data seems to suggest that maybe, Wall Street remains optimistic about the future of the king coin.At the time of writing, latest figures revealed cumulative net inflows of $15.50 billion since launch, with daily inflows averaging at around $79 million.
Shifting focus to Asia, the nascent HK Spot Bitcoin ETF market is gaining traction too. Since its inception, it has amassed total net assets of $251.4 million. As of 11 July, this ETF was recording daily net inflows of 22 Bitcoin, equivalent to approximately $1 million – A sign of growing investor appetite for Bitcoin exposure in the region.
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