American managers saw a big demand on Monday for their Bitcoin ETFs (19). In total, more than US $ 667.4 million (R $ 3.4 billion) were purchased, the second largest mention in May.
Purchases help to increase the price of Bitcoin. At the time of this essay, cryptocurrency is negotiated in the range of $ 104,500, in a high daily 2%.
Added to this, companies such as Strategy and Metaplanet continue with their weekly contributions, so that the bears exert more pressure.
Bitcoin ETFs have inputs of R $ 3.4 billion
Sosvalue data indicates that BlackRock’s IBIT, ETF, remains the most sought after by investors. This Monday (19) the ETF US $ 305.9 million (R $ 1.7 billion) registered in entries, which represents almost half of the daily flow.
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Two other highlights were Fidelity FBTC and Ark Invest ARKB, with $ 188 million and US $ 155 million respectively.
This was the second best day for ETFs in May, almost equal to the $ 674.9 million (R $ 3.8 billion) of the 2nd.
As can be observed in the graph above, the demand for Bitcoin has been intensified since the second half of last month.
ETFs had only four days in red since 13 April, not so high to influence the market. The IBIT did not register outsides 42 days ago, because it shows the long -term of its investors.
Japanese metaplanet makes his second largest purchase from Bitcoin
Bitcoin surpassed the $ 107,000 range this week and approached the historic top of $ 109,356. In addition to ETFs, purchases from companies also help to increase the price of cryptocurrency.
As an example, Strategy revealed the purchase of 7,390 bitcoins (R $ 4.3 billion) this Monday (19).
The Japanese metaplanet delivered his second largest contribution in history around the world and bought 1,004 bitcoins for 15.1 billion yen (R $ 594 million). The largest, 1,241 BTC, was held last week.
“Metaplanet acquires another 1,004 BTC”
The shares of the company, traded on the Tokyo Stock Exchange, open the day with 14.6% on Tuesday (20).
The roles have been working 2,600% since their first Bitcoin purchase, held in May 2024.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
