A renewed institutional interest again drives Bitcoin (BTC) quoted funds, which registered capital tickets for 817 million dollars in the days of Monday 9 and Tuesday, June 10.
On Monday, these financial products attracted 386 million dollars, While on Tuesday they added 431 million.
This money flow marks a change of course After two days of exits that totaled 325 million dollars.
The impact of ETF on the Bitcoin market is direct. The managers of these funds buy and maintain Bitcoin in their treasury to support their actions. When demand for these products grows, firms acquire more bitcoin, which raises its price for the dynamics of supply and demand.
In this context, the price of Bitcoin approaches a new historical maximum. On the current day, each unit is quoted around 109,000 dollars, after having reached $ 110,300 yesterday.
Another factor that drives the price of BTC are Negotiations between the United States and Chinaresumed on June 10, which show advances, as cryptooticies reported.
Li Chenggang, Vice Minister of Commerce of China, said that both nations agreed to a preliminary framework based on the consensus reached by their leaders on June 5 and in previous meetings in Geneva. He also stressed that the teams from both countries held deep and rational discussions.
These conversations seek to strengthen trust and promote stable development in bilateral economic relations, which positively influences global markets, including Bitcoin.
