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Pitcoin Spot ETFs is recorded the second highest wave of weekly investment roses so far

Last week, the Bitcoin Spot ETF received additional investments of $ 3.24 billion, recording the highest higher of investments received per week since its launch in January 2024, to reflect this increase in demand from investors renewed in conjunction with the record price of the Bitcoin recording (Bitcoin) of the price of Bitcoin money. New high levels.

Sosovalue data revealed the recording of weekly weekly investment roses for once during the week of November 16 to 22, 2024 at a value of $ 3.38 billion, as the last accounting contributed to the production of investments recorded last week, which represents $ 902 million, to increase net investments last weeks approaching $ 4 billion.

The Ishares Bitcoin Trust (IBIT) fund has dominated the wave of investments by receiving investments worth $ 1.8 billion, so that the total value of the assets subject to its management currently becomes $ 96.2 billion confirmation on its pioneering position among its competitors, while the FBTC fund – The second rank Subject to its management – The management investments recorded – Roses recorded on the terms of the total value of the shares submitted to its management – the management investments recorded – roses have recorded dollars at the total value of the shares subject to its management – roses pink pink roses of the conduction of the total valeme of action 38% of what the IBIT fund has received.

The pace of receipt of immediate negotiation against bitcoin on the scholarship (Bitcoin Spot ETF) for investments that accelerate the launch and pays the price to exceed $ 125,000

The negotiation activity takes care of the IBIT box considerably, which has witnessed billions of dollars in negotiation daily, while the negotiation volumes of the FBTC reached its peak at $ 715 million, to describe the analysts of BlackRock (IBIT) with the preferred investment tool for institutional participation.

The arrival of these investments coincided with the high Bitcoin price, exceeding $ 125,000 yesterday, Sunday, hacked its previous historic peak recorded in August at $ 124,000, and its launch came with the November reputation of Bitcoin Rising Bitcoin; Where the price has increased by 10% so far.

Last Friday, he recorded the contribution of $ 985 million in investments in the rise in total weekly investments received, to occupy the second row in terms of the higher level of daily investment received after its predecessor previously recorded on January 6 after having received investments of a value of $ 987 million, to clearly contribute to the price of the price Bitcoin (Bitcoin), clearly. The association is established with the start of the next launch of October, which is expected each year.

The closure of the American government pushes investors to the assets of Safe Haven such as gold and Bitcoin (Bitcoin)

Analysts declared that the closure of the United States could push capital to the assets of Safe Haven such as gold and bitcoin; When the price of gold this week has recorded a new historic summit, and Bitcoin benefited from similar investments which reflect the warning of investors in the face of political tensions.

While the total central trading platforms (CEX) has gone from Bitcoin to its lowest levels in 6 years (2.83 million BTC currencies), so that its negotiation display contributes to inflating purchasing pressures and the effect of receiving funds circulating on the stock market (ETF), additional investments improving the moment of the currency.

For their part, market observers believe that the level of $ 117,300 is a solid support for the price of Bitcoin currency with the possibility of continuing to reach $ 140,000 in the event of an additional momentum. This optimism stems from the meeting of the exchange of funds circulating on the levels of registration of investment scholarships with the narrowing of the offer, to reveal the performance of the price of the currency recently, the speed of the general mood of the market towards the Bitcoin Spot ETF, in particular after last week, it recorded an intense wave of investment exit, but it was returned to apostasy this week to promote the continuous confidence will of the institution.

Finally, investors examine the growing domination of the IBIT fund and the acceleration of investment roses as proof of the contribution of Bitcoin funds from Bitcoin to the Stock Exchange (BTC Spot ETF) to reshape the characteristics of the market.

The immediate post of trading boxes for ETF Bitcoin Spot records the second highest waves of weekly investment roses so far appeared first on Arab Cryptonews.

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