Franklin

Bitcoin

Grayscale Bitcoin Trust

<ul class="news-points">
 <li>Bitcoin dipped 0.44% to $57,827 despite ETF inflows and potential US rate cuts.</li>
 <li>Significant BTC ETF inflows: Fidelity Wise Origin ($57.8M) and Franklin ($31.7M).</li>
 <li>Ethereum trades bearishly short-term; key levels at $3,244 resistance and $3,033 support.</li>
</ul>
Bitcoin dipped, while ETF inflows continued for a fourth day, highlighting the mixed performance of the cryptocurrency market amid varied influences including ETF flows, government sales, and potential shifts in US monetary policy.
Bitcoin (BTC) <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">dipped</a> by 0.44%, retreating from its modest 2.32% gain on Tuesday to close at $57,827. Meanwhile, the US spot BTC ETF sector saw net inflows for the fourth consecutive session, totaling $147.37 million on Wednesday.
Fidelity Wise Origin Bitcoin Fund (FBTC) led the pack with substantial inflows of $57.8 million, according to <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data from SosoValue</a>. Franklin Bitcoin ETF (EZBC) also experienced net inflows of $31.7 million, while Grayscale Bitcoin Trust (GBTC) ended its session with outflows totaling $8.2 million.
US equity markets also enjoyed gains, with the Nasdaq Composite Index <a href="https://www.fxempire.com/indices/tech100-usd" target="_blank" rel="noopener noreferrer nofollow">rising by</a> 1.18%. Additionally, 10-year Treasury yields fell by 12 basis points as optimis…
The post <a href="https://coinedition.com/germany-sells-bitcoin-but-institutional-investors-pile-into-bitcoin-etfs/" rel="noopener noreferrer nofollow">Germany Sells Bitcoin, But Institutional Investors Pile into Bitcoin ETFs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Germany Sells Bitcoin, But Institutional Investors Pile into Bitcoin ETFs

Coin Edition

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