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BTC Surges Past Holder Cost Basis, Fueling $1.7B Inflow into Bitcoin ETFs

Guavy AI Editorial Team
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BTC
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Bitcoin ETFs have taken in $1.7 billion in just two days, as the price of BTC exceeds the average cost basis for holders.

This significant influx of capital into Bitcoin ETFs comes at a time when the cryptocurrency is outperforming its investors' expectations.

The surge in demand for these exchange-traded funds can be attributed to the recent price action of BTC, which has broken through key resistance levels and reached new highs.

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