Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
[Bernstein: Bitcoin ETF Inflows, Crypto Stocks And Retail Trading Sentiment All Show Extremely High Risk Appetite] According To The Block, As Bitcoin Once Again Attempts To Break Through The $70,000 Resistance Level And Approaches Its All-time High, Analysts At Research And Brokerage Firm Bernstein Said That Bitcoin ETF Inflows, Crypto Stock Markets And Retail Trading Sentiment Are All "strongly Showing Risk Appetite." Gautam Chhugani, An Analyst At Bernstein, Said That Bitcoin, Like Other Risky Assets, The Market Believes That Trump, Who Supports Cryptocurrencies, Is Increasingly Likely To Win The U.S. Presidential Election. At The Same Time, Vice President Harris Has Also Made An Optimistic And Clearer Crypto Policy Statement, Which Has Reduced Market Concerns About Downside Risks And Investors Believe That Now Is A Good Time To Enter The Market. Analysts Pointed Out That The U.S. Spot Bitcoin ETF Has Returned To A Strong Net Inflow State, Reaching $2.1 Billion In Inflows Last Week, The Highest Inflow Since The $2.6 Billion Generated When Bitcoin Approached Its All-time High Of $74,000 In The Second Week Of March. Chhugani Said: "We Believe That Incremental ETF Inflows Are Increasingly Bringing In Bitcoin Spot Demand As Asset Managers Focus On Distribution To Wealth Advisors And Large Securities Firms, While Initial ETF Demand Comes From Spot CME Derivatives Arbitrage Trading." Chhugani Also Believes That Robinhood's Cryptocurrency Trading Revenue Has Increased By 160% Year-on-Year, Which Is Another Indicator Of Bullish Retail Sentiment. Meanwhile, MicroStrategy Has Returned 49% So Far This Month, Continuing To Outperform Almost All Stocks And Is A Leading Indicator For Bitcoin, According To Analysts
Quick access to 24/7
Quick access to more editor-selected real-time news
Exclusive video for free
FastBull VIPject team is dedicated to create exclusive videos
Follow More Symbols
You can add more symbols to your watchlist.
More comprehensive macro data and economic indicators
More comprehensive historical data on indicators to help analyze macro markets
Member-only Database
Comprehensive forex, commodity, and equity market data