ETFs

Bitcoin (BTC) Price Drops: Buyers Invest Massively in US ETFs

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9 months ago

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Investors are flocking to Bitcoin exchange-traded funds, betting that the excess supply has pushed the token lower in recent weeks and created a buying opportunity.

US Bitcoin ETFs Cryptocurrencies have seen a net inflow of $438 million over the past two trading sessions, according to data compiled by Bloomberg. The original cryptocurrency has fallen about 20% since early June, driven by concerns that creditors of the bankrupt Mt. Gox exchange are starting to dump the tokens the estate is distributing.

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