Jun. 5 at 5:53 PM
Bitcoin ETFs, a big driver of price appreciation, collectively eked out a net inflow of
$3 million on Thursday, snapping a 13-day streak — and their longest streak ever — of outflows. Net assets across bitcoin ETFs fell to
$80.4 billion from
$107.8 billion on May 14.
Others see the most recent moves as an opportunity to buy the dip. Speaking to CNBC’s Squawk Box Europe on Friday, Strive Chief Executive Matt Cole said that bitcoin’s fundamentals have “never been better.”
“This is the fifth time that bitcoin has been at its 200-week moving average — the previous four have all been the perfect time to buy the dip, and I think this time will age in the same manner,” he added.
$BTC.X
$IBIT