The S&P 500 Index (SPX) snapped a five-week profitable streak final week however it’s nonetheless on observe to shut the primary half of the 12 months with stellar positive aspects of practically 13%. The tech-heavy has achieved a lot better as it’s up about 29%. Each these indices have been overtaken by (BTC) which has risen practically 83% year-to-date.
Bitcoin’s bullish value motion and the current rush by a number of companies to use for a Bitcoin spot exchange-traded fund appear to have attracted institutional traders’ consideration. Bloomberg senior ETF analyst Eric Balchunas highlighted on June 26 that the ProShares Bitcoin Technique ETF (BITO) — a Bitcoin futures fund — witnessed its largest weekly influx in a 12 months.
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