Cryptocurrency Bitcoin Breaks Past $115,000 as ETF Investments Recover

In a recent development, the financial landscape is witnessing the tentative return of Exchange-Traded Fund (ETF) inflows, according to a post exclusively available for paying subscribers. This post, which is behind a paywall, offers valuable insights into the current market trends.

The post, which can only be accessed by those who have subscribed, sheds light on the key players enabling this phase of ETF inflows. Financial service providers like banks and asset managers, such as UnitPlus, which invests via BNP Paribas ETFs, and banks like Advanzia Bank, are among the institutions mentioned. Furthermore, fintech companies like Tomorrow, known for their deposit or investment products linked to ETFs, are also part of this picture.

As for Bitcoin, the post reveals that opportunistic purchasing of the cryptocurrency was observed during its recovery. Approximately $120,000 worth of Bitcoin was purchased during the recovery from $112,000 to $114,000. However, there is still little supply in the $110k-$116k region for Bitcoin.

The post also emphasises the importance of macro-policy risks as key drivers. Specifically, Fed credibility and the Consumer Price Index (CPI) are highlighted as significant factors influencing these risks. It's worth noting that flexibility is being maintained over directional conviction regarding macro-policy risks.

In addition, the post underlines the need for more robust accumulation to create long-term support for Bitcoin. It also mentions that short-term volatility is moderating, which could be a positive sign for investors.

To access this comprehensive analysis, one needs to subscribe. Existing users can sign in to read the post. Non-subscribers, unfortunately, are not able to access the post for free.

In conclusion, this exclusive post provides valuable insights into the current market trends, particularly focusing on ETF inflows and Bitcoin's recovery. For those interested in staying updated on these topics, subscribing is the way to go.