BTC ETFs Log $753M in Inflows, Short Liquidations Skyrocket

TL;DR:

Bitcoin started to gain bullish momentum right after the US inflation data was released, triggering ETF inflows and short liquidations. The post BTC ETFs Log $753M in Inflows, Short Liquidations Skyrocket appeared first on Coinspeaker.

Key Points:

Background:

Exchange-Traded Funds (ETFs) are investment vehicles that track cryptocurrency prices and trade on traditional stock exchanges. Bitcoin and Ethereum ETF approvals have been major milestones for crypto adoption, allowing institutional and retail investors to gain exposure without directly holding digital assets.

Why It Matters:

ETF approvals are significant because they provide regulated access to cryptocurrency investments for traditional finance investors, potentially bringing billions in new capital to the crypto market. They also signal regulatory acceptance and legitimization of digital assets as an investment class.