Amplify ETFs CEO: You Want to Own Bitcoin Amid Inflation
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The Amplify Inflation Fighter ETF (IWIN) can invest up to 20% of net assets in bitcoin futures contracts and the Grayscale Bitcoin Trust (GBTC) The firm would only seek to launch a spot bitcoin ETF…
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Bitcoin retook $86,000 by the morning of Oct. 2 as demand for US spot Bitcoin ETFs recovered, with short covering a plausible accelerator for the advance ahead of the US jobs report. Bitcoin traded at $86,325.44 at 08:40 UTC, up 3.67% over 24 hours. The advance carried it beyond the…
Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day. Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with…