OTCbid - Bitcoin takes ‘lion’s share’ as institutional inflows hit 7-month high
" Past data show that we are approaching one of the best times to buy Bitcoin.
" $117 million heads into crypto investment products in a single week, with the vast majority going straight into Bitcoin.
Bitcoin BTC $22,543 rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows.
In its “Digital Asset Fund Flows Weekly” report on Jan. 30, digital asset investment and trading group CoinShares confirmed $117 million heading into crypto in the last week of the month.
Institutions “not sold” on post-Merge Ethereum
Bitcoin is still on the radar as an institutional investment opportunity.
As demonstrated by CoinShares’ latest data, it took just weeks of BTC price action recouping prior losses to spark a significant turnaround in investment habits — and not just in the United States.
“Last week’s US bears seem to have changed their mind with US$117m inflows, including US$26m from the United States,” CoinShares wrote in a Twitter thread accompanying the report.- Read More
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-5% Gross, 2% Net, USDT, BTC, Escrow, Brite Banc, Sheldon Vann Attorney, Florida
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Look for vetted transactional Sellers
Buyer = 2%
Buyerside = 1.5%
Sellerside = 1.5%
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SELLER MANDATE ONLY
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