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Bitcoin (BTC) Recovers $66K After Upbeat ETF Data

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8 months ago

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Bitcoin (BTC) rose to surpassed $66,000 on Friday, reversing Thursday’s pullback under $65,000. At the time of writing, its price was around $66,440, up 0.4% from 24 hours ago, while the CoinDesk 20 Index (CD20), which offers a measure of the broader digital asset market, rose around 1.4%. Inflows into spot bitcoin ETFs turned positive again this week, recording additions for four consecutive days. This week we also saw several large institutional players disclose sizable BTC ETF holdings. Morgan Stanley, for example, yesterday revealed an investment of US$269.9 million in Grayscale’s GBTC.

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