Bitcoin climbed to more than $44,000 for the first time in almost a month, breaking out of its recent narrow trading range amid a renewal of risk appetite. At press time, BTC was ការធ្វើពាណិជ្ជកម្ម at the $44.7k mark with a 3% surge in 24 hours.
ផ្តល់ឱ្យខ្ញុំបន្ថែមទៀត
It is quite obvious that investors have rushed in to get more Bitcoin exposure. Now, the first Bitcoin futures exchange-traded fund (ETF) in North America, the Purpose Bitcoin ETF, is making headlines.
The total Bitcoin exposure in ប្រាក់ចំណេញពីភាគហ៊ុន ProShares ETF trading under the ticker ប៊ីធីអូ on the New York Stock Exchange climbed to a new all-time high above 28K BTC, as of 22 March, after witnessing two weeks of solid inflows. As per information from Arcane Research, this was evident in the graph below.
ប្រភព៖ Arcane ស្រាវជ្រាវ
ជាក់ស្តែង យោងតាមទិន្នន័យពី វ៉ែនតា, the aforementioned number witnessed a net increase of > than 2000BTC within 24 hours. The Canadian ETF currently holds 36,271.8 BTC as ចែករំលែក by លោក Wu Blockchain នៅថ្ងៃទី ៧ ខែមីនា។
ប្រភព: វ៉ែនតា
The rise occurred as a result of the massive traction of capital since both the market and the price of Bitcoin improved over the last two weeks. Overall, the strong inflows to BITO suggested that Bitcoin appetite through traditional investment vehicles has increased significantly.
The ProShares Bitcoin Strategy ETF (ប៊ីធីអូ) had the second-biggest trading debut សម្រាប់ណាមួយ ETF on record on 19 October. Its unit price លោត 4% ។
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The benchmark crypto saw some relief in the past days, but seems unlikely to reclaim its earlier bullish momentum fully. Arcane Research recorded no significant បើកការប្រាក់ (OI) movements for the BTC-based derivatives sector. This metric has remained stable at around 360,000 BTC and 380,000 BTC since beginning of 2022.
ប្រភព៖ Arcane ស្រាវជ្រាវ
As seen above, the OI for BTC futures moved sideways along the price of Bitcoin, as it registered a decrease in volatility. In other words, the BTC market could experience a period of low activity, ergo, suggesting no significant trends in either direction.
The 30-day volatility saw a 1% low in March, and trended slightly higher in the last two weeks. At press time, the metric stood at 1.5%. Nonetheless, this neutral scenario didn’t entirely stop BTC’s accumulation. ឡាកដាវីស, a renowned trader, shed light on this narrative in a tweet on 24 March.
ធ្ងន់ # bccoin accumulation has happened between 38-45k pic.twitter.com/zpRGcht6so
- ឡាកដាវីស (@TheCryptoLark) ខែមីនា 24, 2022
Source: https://ambcrypto.com/proshares-etfs-btc-holdings-touches-ath-but-there-are-some-warning-signs/