The cumulative net inflow of Bitcoin ETFs in the United States has exceeded 500,000 BTC
On December 12, K33 Research Director Vetle Lunde stated that as of this Wednesday, the cumulative net inflow of 12 US spot Bitcoin ETFs has exceeded 500,000 BTC. It's been less than a year since trading began on January 11 and it has already absorbed more than 2.5% of the circulating supply (currently reported at 19.8 million coins).
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After the Bank of Japan failed to deliver a clear enough signal of further interest rate hikes to the market, hedge funds have significantly reduced their bullish bets on the yen.
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