US spot Bitcoin ETFs have purchased 18,991 BTC over five days, exceeding new Bitcoin supply and helping stabilize prices during geopolitical uncertainty. Despite this, market sentiment remains cautious with a 2.7% chance of Bitcoin hitting an all-time high by June 30. Continued ETF inflows and progress in US-Iran diplomacy could increase Bitcoin's price, with potential for a 37x return if the all-time high bet resolves. Investors should watch for announcements from major asset managers like BlackRock or Fidelity, as low liquidity in prediction markets means these inflows could quickly impact prices.
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Strategy's new Bitcoin Banking Adoption Index ranks 25 major global banks on their integration of bitcoin services, with an overall adoption score of 32%. Fidelity leads the pack with a 71% score, offering a wide range of bitcoin-related products inc...
