Bitcoin ETF Activity Hits $1B in Sales Amid Strong Buying Signals

Quick Summary:

Last week, Bitcoin ETFs experienced robust activity, with over 10,800 BTC (valued at $1 billion) sold, according to on-chain analytics shared by Negentropic, managed by Glassnode co-founders Jan Happel and Jan Aleman.

Despite the significant sales volume, buying momentum remains strong, driven by anticipation of increased institutional participation ahead of Donald Trump’s Inauguration Day.

The recent surge in Bitcoin ETF activity, including $1 billion in sales, reflects the dynamic nature of the cryptocurrency market.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin ETF Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 18:16:22 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 384 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 24963853

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 14 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

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Publisher ID: #121

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