Bitcoin was just $175 shy of hitting a new all-time high Tuesday, as Bitcoin ETFs saw a staggering $870 million worth of inflows amid institutional FOMO.
Bitcoin’s Tuesday price surge stopped just short of setting a new all-time high Tuesday, as money poured into Bitcoin ETFs.
The price of Bitcoin surged past $73,000 to just $175 shy of its previous all-time high of $73,737 set in March. But even as the tide receded, Bitcoin ETFs saw a staggering $870 million worth of inflows as trading volumes for the investment products hit their highest level in six months.
Analysts attributed Tuesday’s big uptick in ETF volume to institutional FOMO—and institutions are certainly sniffing around crypto. That same day, Florida’s Chief Financial Officer sent a request to the State Board of Administration to evaluate the possibility of investing some of the Sunshine State’s retirement funds in crypto.
Bitcoin Was Just $175 Away From Hitting an All-Time High Price
Bitcoin nearly set a new peak price after topping $73,000 on Tuesday, but fell just short. Is a new all-time high just around the corner?
Bitcoin Price Surge Drives Institutional FOMO for ETFs
BlackRock's IBIT saw $3.36 billion worth of trading volume yesterday—its highest level in the past six months.
Florida CFO Urges State Board to Evaluate Crypto Investments for Public Pension Funds
Jimmy Patronis says his letter follows former President Donald Trump’s plans for a national stockpile of Bitcoin.
Coinbase, Visa Direct Roll Out Instant Funding Amid Soaring Bitcoin Demand
Coinbase and Visa said the new functionality allows users to take advantage of trading opportunities more readily.
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