Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

“Globally, BTC ETPs experienced inflows of 13,822 BTC in June, with the inflows kicking in after the BlackRock announcement on June 15,” Vetle Lunde, senior research analyst at K33, said in a note to clients on Tuesday, discussing the impact of the ETF narrative. “The flows have been strong across jurisdictions, with Canadian and European spot ETPs and U.S. futures ETFs all experiencing solid inflows.”

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• Source: https://www.coindesk.com/markets/2023/07/05/bitcoin-is-no-longer-correlated-to-us-stocks/?utm_medium=referral&utm_source=rss&utm_campaign=headlines