Bitcoin ETF Flows Rekindle Crypto Demand Ahead of Remittix Listing
Bitcoin exchange-traded funds (ETFs) in the US saw net inflows of approximately $999 million on Monday, bringing their three-session total to about $1.59 billion.
This influx of institutional capital helped push Bitcoin's price up to an eight-month high above $87,000 before it eased back towards $85,700.
Remittix, a project with a presale nearing completion and a connected PayFi ecosystem, is well-positioned to capture the more aggressive end of renewed crypto demand. Its platform aims to turn market interest into practical utility by supporting over 50 cryptocurrencies and more than 30 fiat currencies, allowing recipients to receive local money directly.
The project's products include Remittix Markets, which offers hundreds of perpetual-futures markets with reportedly $50 million in trading volume, as well as a mobile wallet with Android launch planned. Remittix Earn is also being developed, offering yields of up to 22% APY on qualifying holdings.