Speculators Expected Bitcoin Prices to Surpass March’s ATH of $73,798 in June

US ETFs ( exchange-traded funds) that invest directly in bitcoin have seen net inflows for a record 18th straight day, as surging demand helped propel the world’s largest digital asset toward a record high.

Since launching on Jan. 11, more than a dozen such products have seen a combined net subscription of $15.6 billion and total assets of $62.3 billion as of June 6, according to data compiled by Bloomberg.

Bitcoin pared gains after a report showed a mixed labor market with a surge in U.S. employment in May and an unexpected rise in unemployment. As of 8:36 a.m. New York time on June 7, bitcoin was trading around $70,925, while ether was essentially flat at $3,785.

Many speculators in the options market expect bitcoin prices to surpass March’s all-time high of $73,798 in June, helped by ETF demand and expectations of a rate cut by the Federal Reserve.

“A lot of money is flowing into spot bitcoin ETFs,” Sean Farrell, head of digital asset strategy at Fundstrat Global Advisors LLC, wrote in a note. “Macro trends continue to favor cryptocurrencies, with economic growth slowing but not in recession and inflation continuing to show signs of slowing.”


I’m expecting all these are good for bitcoin stocks and etfs:

🎁Spot BTC ETFs To Pick? Choose Companies or Consider Fees?

What's your favorite bitcoin ETF?

The top 10 companies holding the most Bitcoin.

$MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$

$Galaxy Digital Holdings Ltd.(BRPHF)$ $Block(SQ)$ $Riot Platforms(RIOT)$ $Bitcoin Group SE(BTGGF)$ $CleanSpark, Inc.(CLSK)$ and $MicroStrategy(MSTR)$ worth look at.

Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$ $Bitwise Bitcoin ETF(BITB)$

# Can Ether ETF Lead BTC Bull Run Again?

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  • PorterLamb
    Nice gains you got! [Smart]
  • YueShan