Bitcoin Heads Towards Fifth Consecutive Monthly Gain, Longest Winning Streak Since Pandemic

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By BitcoinWiki News

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Bitcoin is on track to achieve its fifth consecutive monthly gain, marking its longest winning streak since the pandemic-induced rally. The launch of spot Bitcoin ETFs by issuers such as BlackRock and Fidelity Investments significantly impacted Bitcoin’s performance. The decrease in outflows from the Grayscale fund had a positive impact on market sentiment, with ETFs collectively attracting a net inflow of $1 billion. The Federal Reserve interest-rate decision and shifts in sentiment and perceptions of liquidity are also influencing Bitcoin and the broader cryptocurrency market. BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $2 billion in assets under management, and Fidelity’s Wise Origin Bitcoin Fund (FBTC) has seen $1.8 billion in inflows over the past 10 days.

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Bitcoin is experiencing its longest winning streak since the pandemic-induced rally, with the launch of spot Bitcoin ETFs impacting its performance. The decrease in outflows from the Grayscale fund has boosted market sentiment, and various ETFs have collectively attracted a net inflow of $1 billion. The Federal Reserve interest-rate decision and shifts in sentiment and perceptions of liquidity are also influencing Bitcoin and the broader cryptocurrency market. BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed $2 billion in assets under management, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) has seen $1.8 billion in inflows over the past 10 days.

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Impact of ETF Launches

How have the spot Bitcoin ETF launches by BlackRock and Fidelity Investments impacted Bitcoin’s performance, and what are the implications for the cryptocurrency market as a whole?

Role of Federal Reserve Interest-Rate Decision

How significantly could the Federal Reserve interest-rate decision influence Bitcoin and the broader cryptocurrency market, and what are the potential consequences of any changes to this outlook?

Comparison of ETF Issuer Fees

What role do the annual fees charged by ETF issuers play in attracting capital, and how do the fees set by different issuers compare to each other?

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