The largest digital currency jumped more than 5 per cent after almost $1.4 billion was yanked from exchanged traded funds last week.
Already a subscriber?Bitcoin enthusiasts appear to be shrugging off last week’s outflows from US exchange-traded funds, with the largest cryptocurrency briefly climbing back above $US70,000 again.
“Even though ETF inflows have hit a drag, order books are loaded on the bid side around the 60k area, showing that,” said Nathanaël Cohen, co-founder at digital-asset hedge fund INDIGO Fund. CoinShares International said investors pulled $US942 million from global crypto funds last week which was the most on record/
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