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Bitcoin ETF Sees Positive Inflow Amidst Year-Long Downtrend: A Sign of Change?

Bitcoin ETF Sees Positive Inflow Amidst Year-Long Downtrend: A Sign of Change?

IShares Bitcoin Trust Registered (IBIT) has recently experienced a significant inflow, with the latest fund flow amounting to $120,141,970. This influx represents approximately 0.17% of its current Assets Under Management (AUM), which stands at $70,912,762,228.

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Over the past year, however, the net flow for the ETF has been negative, with a decrease of 6.52%. This historical context highlights the recent inflow as a notable deviation from its previous trend.

The related asset, BTC-USD, is currently trading at $92,859.28, with a 5-day price change of 1.88%. The 1-day technical signal for Bitcoin is Hold, suggesting a cautious approach among traders.

For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.

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