U.S. Bitcoin ETFs Record $175.7M Inflows
Bitcoin maintains its position above US$83,000 as ETF inflows resume ahead of upcoming United States inflation data.
Update (Oct 14, 06:48 UTC): U.S. spot Bitcoin exchange-traded funds recorded $175.7 million in net inflows on October 13, led by Fidelity's FBTC, reversing prior outflows.
Bitcoin has maintained its position above the US$83,000 threshold, supported by a return of exchange-traded fund inflows, according to Proactive financial news. The price resilience comes as market participants await the release of crucial United States inflation data.
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Market Support
The recovery in ETF inflows has provided notable backing for the leading cryptocurrency, helping it hold key psychological levels. Analysts and traders continue to monitor broader macroeconomic indicators for direction on monetary policy.
Key facts
- Bitcoin holds above US$83,000.
- ETF inflows return to the market.
- Price action occurs ahead of United States inflation data release.
Source: news.google.com
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