Bitcoin’s recent bullish price action and the rush of firms to apply for a Bitcoin spot exchange-traded fund have attracted institutional investors’ attention. The ProShares Bitcoin Strategy ETF (BITO) saw its largest weekly inflow in a year, according to Bloomberg senior ETF analyst Eric Balchunas. LookIntoBitcoin founder Philip Swift noted that Bitcoin’s RHODL ratio metric indicates increasing mainstream trading interest. The S&P 500 Index, the US dollar index, Bitcoin, Ether, BNB, XRP, Cardano, Dogecoin, Solana, and Litecoin are analyzed in terms of their price action and potential next moves.
