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Crypto

Bitcoin ETF Demand Remains Strong Despite Price Resistance

Guavy AI Editorial Team
Instruments
BTC
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Bitcoin exchange-traded fund demand has remained strong over the past six weeks, with $6.8 billion in inflows recorded during this period.

The iShares Bitcoin Trust, sponsored by BlackRock, saw $3.4 billion in inflows during this time, bringing its net assets to $60.62 billion as of September 11.

Despite the strong demand for crypto funds, the price of Bitcoin has struggled to break through the key resistance level of $79,500, currently trading near $78,000.

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