{"id":1095,"date":"2024-10-14T14:02:41","date_gmt":"2024-10-14T14:02:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1095"},"modified":"2024-10-14T14:02:41","modified_gmt":"2024-10-14T14:02:41","slug":"bitcoin-closes-in-on-65k-as-etfs-see-over-400m-in-net-inflows","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1095","title":{"rendered":"Bitcoin Closes In On $65K As ETFs See Over $400M In Net Inflows"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) exchange-traded funds (ETFs) saw an inflow surge <a href=\"https:\/\/www.benzinga.com\/topic\/bitcoin-etfs\">totaling $407 million last week<\/a>.<\/p>\n<p>The inflow was driven primarily by <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41306653\/anthony-scaramucci-praises-trump-for-shifting-the-crypto-debate-hes-now-forced-the-democra\">shifting political winds<\/a> rather than monetary policy considerations.<\/p>\n<p><strong>What Happened<\/strong>: The recent U.S. vice presidential debate and subsequent polling shift towards Republicans, perceived as more crypto-friendly, sparked an immediate boost in both inflows and prices, according to <strong>James Butterfill<\/strong>, Head of Research at CoinShares.<\/p>\n<p>This political influence overshadowed strong economic data, which had minimal impact on stemming outflows, the analyst stated in Monday\u2019s <a href=\"https:\/\/blog.coinshares.com\/volume-204-digital-asset-fund-flows-weekly-report-b41f0790a1f3\">report<\/a>.<\/p>\n<p>As expected, given the political nature of these inflows, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41313376\/bitcoin-closes-in-on-65k-as-etfs-see-over-400m-in-net-inflows\" alt=\"Bitcoin\" closes in on as etfs see over net inflows>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) saw an inflow surge totaling $407 million last week. The inflow was driven primarily by shifting political winds rather than monetary policy considerations. What Happened: The recent U.S. vice presidential debate and subsequent polling shift towards Republicans, perceived as more crypto-friendly, sparked an immediate boost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-1095","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1095"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1095\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}