Institute: Bitcoin is expected to rise in the second quarter
David Duong, chief analyst at Coinbase Research, emphasized that after April 10, the critical 90-day review period for securities companies to conduct due diligence on new financial products will release a new wave of demand for spot ETF risk exposure, which means that Bitcoin will rise in the second quarter. The quarter could see gains. Coinbase Research: Bitcoin expected to rise in second quarter
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Spot bitcoin ETFs end positive streak with $438 million outflows; BTC dips to $94,500
U.S. spot bitcoin ETFs reported a total daily outflow of $438 million on Monday.Monday’s net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.Meanwhile, bitcoin has retraced some of its gains over the past few days, now trading at around $94,500.
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