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Bitcoin Holds Above $30,000 As Market Awaits Spot ETF, but ECB Tightening Could Spook Sentiment

June 28 (Cointime) - Bitcoin has remained above the $30,000 level, with hopes of a bitcoin ETF boosting market sentiment. Major financial institutions such as Fidelity, BlackRock, Invesco, WisdomTree, and Bitwise are all reportedly planning to file for a spot bitcoin ETF.

Digital asset fund flows have seen the largest weekly inflows since July 2022, with Bitcoin being the primary beneficiary. However, altcoins have seen only minor inflows. The Federal Reserve's annual stress test of banks and the European Central Bank's tightening monetary policy could affect investors' appetite for risk assets, including bitcoin.

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