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Bitcoin Price Surges On Positive CPI Numbers
The post Bitcoin Price Surges On Positive CPI Numbers appeared on BitcoinEthereumNews.com. Bitcoin has surged above $66,000 briefly today as global markets jumped following April’s Consumer Price Index , which came in lower than expected at 0.3%, according to data from the U.S. Bureau of Labor Statistics Source – Brave New Coin Bitcoin Liquid Index Bitcoin sentiment is bullish for the first time in weeks, and this is mirrored by daily net inflows into the spot Bitcoin ETFs. The U.S. Spot Bitcoin ETFs saw a net inflow of $100.5 million on May 14, with the ARK 21 Shares’ Bitcoin ETF (ARKB) recording the largest inflows on the day, more than covering another outflow from the Grayscale Bitcoin Trust. Adding fuel to the bullish momentum, this week saw a series of announcements by various entities with spot ETF exposure. In the first quarter of this year, the state of Wisconsin made a significant move by purchasing 94,562 shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at nearly $100 million, and Grayscale’s Bitcoin Trust (GBTC), acquiring shares worth approximately $64 million, as revealed in a recent filing. This transaction, disclosed in the quarterly 13F report submitted to the Securities and Exchange Commission (SEC), marks Wisconsin as the first US state to publicly announce its investment in Bitcoin. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, wrote on X, “Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.” Established in 1951, the investment board, known as SWIB oversees assets exceeding $156 billion, manages portfolios for entities such as the Wisconsin Retirement System (WRS) and the State Investment Fund (SIF), among others. This revelation coincides with the March 15 deadline for institutional…
The post Bitcoin Price Surges On Positive CPI Numbers appeared on BitcoinEthereumNews.com.
Bitcoin has surged above $66,000 briefly today as global markets jumped following April’s Consumer Price Index , which came in lower than expected at 0.3%, according to data from the U.S. Bureau of Labor Statistics Source – Brave New Coin Bitcoin Liquid Index Bitcoin sentiment is bullish for the first time in weeks, and this is mirrored by daily net inflows into the spot Bitcoin ETFs. The U.S. Spot Bitcoin ETFs saw a net inflow of $100.5 million on May 14, with the ARK 21 Shares’ Bitcoin ETF (ARKB) recording the largest inflows on the day, more than covering another outflow from the Grayscale Bitcoin Trust. Adding fuel to the bullish momentum, this week saw a series of announcements by various entities with spot ETF exposure. In the first quarter of this year, the state of Wisconsin made a significant move by purchasing 94,562 shares of BlackRock’s iShares Bitcoin Trust (IBIT), valued at nearly $100 million, and Grayscale’s Bitcoin Trust (GBTC), acquiring shares worth approximately $64 million, as revealed in a recent filing. This transaction, disclosed in the quarterly 13F report submitted to the Securities and Exchange Commission (SEC), marks Wisconsin as the first US state to publicly announce its investment in Bitcoin. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, wrote on X, “Normally you don’t get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we’ve seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds.” Established in 1951, the investment board, known as SWIB oversees assets exceeding $156 billion, manages portfolios for entities such as the Wisconsin Retirement System (WRS) and the State Investment Fund (SIF), among others. This revelation coincides with the March 15 deadline for institutional…
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