Bitcoin (BTC) prices were recovered early on Friday, September 12th, and were promoted among other factors for positive movements recorded in the market for funds cited in the U.S. negotiated stock market (ETF).
At the end of this report, BTC touched USD 115,000 after touching ahead of USD 116,200, according to the Cryptootic Price Calculator. This is a recovery of over 4% over three days.
This climb responds to the enormous amount of money from ETFs, It registered USD 552.7 million on Thursday, September 11th only Net profit. And a day ago, tickets were reported in the order of $757 million.
The second week of September, seen by the weekly prism, is the biggest for these financial vehicles since the $1.7 billion tickets accumulated. The highest capital revenue seen in the last 7 weeksaccording to Sosovalue data.
However, from a monthly perspective, September is far from other months where ETF capital tickets are huge. For example, in July alone, revenues exceeding USD 6,000 million were recorded for these investment products.
Bitcoin ETFs affect the price of digital currency as they encourage institutional and retail investors to access the assets of traditional stock market blockers without the need to purchase directly. Bitcoin Real backed, Each participation issued in the ETF requires an equivalent purchase of BTC in the marketincreasing the direct demand for assets. Additionally, traditional bag prices increase the liquidity and visibility of Bitcoin, attracting new capital.
(tagstotranslate)bitcoin(btc)
