Analyst: Bitcoin ETF Issuers Other Than Shades of Grey Buy More Than 86,000 BTC at an Average Price of $42,000
Data tracked by on-chain analyst Ali shows that, excluding shades of grey, all Bitcoin ETF issuers have collectively purchased more than 86,320 BTC at an average price of $42,000, for a total investment of $3.63 billion.Ali says this level of institutional investment suggests a strategic, long-term view, rather than buying at a high point.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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