The US Bitcoin Spot ETF has recently made headlines due to a significant net outflow of $148.88 million, raising questions about the current state of the cryptocurrency market.This decline can largely be attributed to the BlackRock IBIT, which has seen considerable withdrawals, impacting overall Bitcoin ETF performance.
Bitcoin holdings have become a focal point for institutional investors as the cryptocurrency continues to surge past $100,000.Major players like MicroStrategy, KULR, and Metaplanet are significantly expanding their Bitcoin portfolios, driven by strategic initiatives and a bullish market outlook.
The cryptocurrency market is experiencing a resurgence as investor optimism fuels a renewed interest in digital assets.With the bitcoin price increasing by 2% to $96,711.71, traders are buoyed by the prospect of a strong year ahead.