Bitcoin ETF inflows and Strategy’s BTC acquisitions have been the main vehicles fueling Bitcoin’s momentum this year, according to market analysts.
Update Nov. 11, 12:08 p.m. UTC: This article has been updated to include a paragraph on Ether and Solana ETF inflows.
The lack of demand for spot Bitcoin exchange-traded funds (ETFs) is raising concerns about Bitcoin’s prospects for the rest of the year, even as the US government appears to be nearing the end of its 41-day shutdown.
On Monday, the US Senate approved a funding package, bringing Congress one step closer to ending the shutdown. Legislation is now headed for a full vote in the House of Representatives, which may occur as early as Wednesday, CBS News reported on Monday.
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