Bitcoin's Rally Is Shifting From Short Squeeze to ETF Demand as Inflows Hit $1.6 Billion
Standard Chartered says Bitcoin could retest $126K as spot Bitcoin ETFs attract $1.6B this week, fueling renewed institutional demand and BTC’s rally.
More people and big investors are buying Bitcoin through ETFs (investment funds that track Bitcoin's price), which is helping push Bitcoin's price higher. When you see money flowing into these Bitcoin funds, it can tell you whether big institutions think Bitcoin is worth owning right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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