Analyst: Bitcoin ETF Issuers Other Than Shades of Grey Buy More Than 86,000 BTC at an Average Price of $42,000
Data tracked by on-chain analyst Ali shows that, excluding shades of grey, all Bitcoin ETF issuers have collectively purchased more than 86,320 BTC at an average price of $42,000, for a total investment of $3.63 billion.Ali says this level of institutional investment suggests a strategic, long-term view, rather than buying at a high point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Release dates set for new batch of US data, including CFTC weekly report and PPI
The Dow Jones Index closed down 498.5 points, with the S&P 500 and Nasdaq also declining.
All three major U.S. stock indexes closed lower.
Trending news
MoreCrypto prices
More
