The worlds largest cryptocurrency, Bitcoin, experienced a significant decline, currently standing at $38,900, which represents a 20.6% decrease from its three-year high of around $49,000 on January 11. This drop in value occurred following the U.S. Securities and Exchange Commissions recent approval of spot Bitcoin ETFs. Impressive Inflows into New Spot Bitcoin ETFs Analysts at Deutsche Bank report that nearly $4 billion of funds have flowed into the newly introduced spot Bitcoin ETFs, with a focus on products offered by prominent institutions such as BlackRock and Fidelity. Reuters...
source: https://tokenpost.com/Bitcoin-Price-Declines-206-After-ETF-Approval-11135
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