Key Points
- Bitcoin ETFs recorded $100.5 million in total net inflows on May 14.
- Bitcoin trades above $62k, amidst optimistic predictions.
The latest reports coming from SoSoValue reveal that the total net inflows into Bitcoin ETFs on May 14 were of $100.5 million.
Grayscale’s Bitcoin ETF GBTC recorded a single-day net outflow of almost $51 million. Ark Invest and 21Shares Bitcoin ETF ARKB recorded a single-day net inflow of $133 million.
The total net asset value of the Bitcoin ETF was almost $51 billion.
Speaking of Bitcoin ETFs, the former head of BlackRock‘s global ETF business, Salim Ramji now becomes the new Vanguard CEO.
As noted by Bloomberg analyst, Eric Balchunas, this is the first time when Vanguard hired an outsider as its CEO.
Scott Melker, host of “The Wolf Of All Streets Podcast,” and “The Wolf Den” newsletter, shared Balchunas’ post and highlighted that Vanguard has vowed never to list Bitcoin ETFs. Now they hired a CEO who handled the BTC ETFs for BlackRock.
Vanguard has vowed never to list Bitcoin Spot ETFs.
Vanguard just hired the guy who handled the Bitcoin Spot ETFs for BlackRock… as CEO. https://t.co/etC4JtVxOu
— The Wolf Of All Streets (@scottmelker) May 15, 2024
BTC above $62k; price predictions inject optimism into the market
At the moment of writing this article, Bitcoin’s price is trading above the important mark of $62k. The coin is up by 1% in the past 24 hours, according to CoinMarketCap.
- Zoom
- Type
Bitcoin has recently seen an optimistic price prediciton coming from BitQuant, a well-known commentator. He maintains a bullish outlook on Bitcoin (BTC) and predicts that its price will reach $95,000 in a single move.
The crypto analyst believes that Bitcoin is gearing up for an upward trend that will not only set new all-time highs but also propel the coin to a record $95,000. He asserts that reaching such high price levels is inevitable, but the timing is uncertain for the moment.
“$95K will be achieved in just one move, and that is quite obvious,” BitQuant said.
The other day, crypto analyst PlanB also shared optimistic predicitons for Bitcoin miners and the price of BTC itself.
He revealed on his X account that historically, Bitcoin miner revenue recovers from two to five months after the Bitcoin halving takes place.
He noted that after we see the Bitcoin miner revenue recover, we will also witness BTC’s price going vertical.
