{"id":1801,"date":"2024-10-29T12:19:05","date_gmt":"2024-10-29T12:19:05","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=1801"},"modified":"2024-10-29T12:19:05","modified_gmt":"2024-10-29T12:19:05","slug":"bitcoin-clips-71500-as-wall-street-etf-inflows-fuel-bullish-momentum-whats-next","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=1801","title":{"rendered":"Bitcoin Clips $71,500 As Wall Street, ETF Inflows Fuel Bullish Momentum \u2014 What&#8217;s Next?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) surpassed $71,500 during European daytime trading hours on Tuesday, driven by record-breaking ETF inflows and heightened <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41593383\/bitcoin-to-hit-250-000-in-2024-crypto-backers-bet-on-the-odds-of-a-holiday-miracle\">market activity in derivatives<\/a>.<\/p>\n<p><strong>What Happened: <\/strong>This price surge, up 4.1% over the past 24 hours at the time of writing, comes as <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41584575\/bitcoin-etfs-vs-ethereum-etfs-why-does-eth-keep-underperforming\">Bitcoin spot ETFs<\/a> experienced an influx of $479 million on Oct. 28, led by <strong>BlackRock\u2019s ETF<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) with a $315.1 million addition, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">data<\/a> from <strong>SoSo Value<\/strong>.<\/p>\n<p>The <strong>Fidelity Wise Origin Bitcoin Fund<\/strong> (CBOE: FBTC) saw inflows worth 44.1 million and <strong>ARK 21Shares Bitcoin ETF<\/strong> (CBOE: ARKB) witnessed inflows of $59.7 million.<\/p>\n<p><strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) spot ETFs had a total net outflow of $1.1376 million yesterday, <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-eth-spot\">data<\/a> shows.<\/p>\n<p>Bitcoin made a high of $71,540, according to CoinGecko <a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">data<\/a>, and is currently trading at $71,460.<\/p>\n<p><figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.benzinga.com\/events\/digital-assets\/\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"250\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/03\/29155259\/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif\" alt=\"Benzinga Future of Digital Assets conference\" class=\"wp-image-270548\"><\/a><\/figure>\n<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41585530\/asias-microstrategy-metaplanet-buys-another-10-4m-in-bitcoin-exceeds-1-000-btc-holdings\">\u2018Asia\u2019s MicroStrategy\u2019 Metaplanet Buys Another $10.4M In Bitcoin, Exceeds 1,000 BTC Holdings<\/a><\/strong><\/p>\n<p><strong>Why It Matters:<\/strong> Experts see these inflows, alongside other factors such as anticipated interest rate cuts, as positioning Bitcoin for further gains.<\/p>\n<p>Speaking with Benzinga, <strong>Ryan Lee<\/strong>, Chief Analyst at <strong>Bitget Research<\/strong>, pointed to several influences shaping &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41596516\/bitcoin-clips-71-500-as-wall-street-etf-inflows-fuel-bullish-momentum-whats-next\" alt=\"Bitcoin\" clips as wall street etf inflows fuel bullish momentum what next>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) surpassed $71,500 during European daytime trading hours on Tuesday, driven by record-breaking ETF inflows and heightened market activity in derivatives. What Happened: This price surge, up 4.1% over the past 24 hours at the time of writing, comes as Bitcoin spot ETFs experienced an influx of $479 million on Oct. 28, led [&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-1801","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\/1801","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=1801"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/1801\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}