Bitcoin price hits $69,000, ETF inflows increase, SEC approves Bitcoin ETF options

From Investing.com

October 20, 2024 3:30:18 pm:

Bitcoin’s price briefly hit $69,000 before falling back. In Friday’s session, it reached $69,000, its highest since July 29. Currently at $68,277, it’s up 0.17% in 24 hours and 9% weekly. Inflows into BTC ETPs surged, with U.S.-listed spot ETFs attracting $2 billion. SEC approved NYSE and CBOE’s Bitcoin ETF options.

Arkham Intelligence reports $2 billion bought in BTC ETFs last week. BlackRock, Fidelity, ARK Invest, and Bitwise led acquisitions. BlackRock added $1.14 billion, Fidelity $319 million, ARK Invest $306 million, and Bitwise $150 million. Bitcoin hit $73,797 in March, then dipped 30% by August, now on a bullish trend.

Read more at Investing.com: Here’s What’s Going On By U.Today