According to K33 Research, on November 15th, institutional demand for Bitcoin through exchange-traded products (ETPs) has increased significantly in the past month, with a record-breaking growth of 27,095 BTC, surpassing the flow in June and July after BlackRock submitted a Bitcoin spot ETF. K33 Research's Senior Analyst Vetle Lunde and Vice President Anders Helseth said that in addition to the inflow of Bitcoin ETPs, CME's continued high exposure indicates strong institutional demand for Bitcoin as the deadline for the latest Bitcoin spot ETF from the US Securities and Exchange Commission approaches. Analysts say that the narrow window for approving all current Bitcoin spot ETF applications will end on Friday, November 17th. This deadline specifically involves the applications from Hashdex and Franklin. However, if the SEC wants to approve all applications simultaneously, this window will be an opportunity to execute that decision. Once the window passes, although Global X ETF still has a final deadline (November 21st), all current applications will no longer be able to be approved simultaneously. In this case, momentum in the cryptocurrency market may slow down as significant news related to ETFs may need to wait for several weeks.
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As the ETF application window is about to end, Bitcoin ETP capital inflows hit a record high
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German parliament passes Financial Market Digitalization Act
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Data: Yesterday, the US spot Bitcoin ETF had a net inflow of US$373 million
According to Trader T's monitoring, the net inflow of US spot Bitcoin ETF was $373 million yesterday. -
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The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%
the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%. -
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the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back. -
BTC breaks through $98,500
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Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies
Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH. -
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Bitwise Bitcoin ETF's holdings exceed $4 billion
Bitwise's official data update shows that as of November 20th, the BITB Bitcoin exchange-traded fund's position has reached 42,451.73 BTC, with a market value exceeding 4 billion USD, currently reaching 4,003,716,971.36 USD. -
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