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Bitcoin ETF AUM Will Surpass Gold ETF By Year-End, Says Expert

CoinGape
Summary
Nutrition label

73% Informative

Spot Bitcoin ETFs have witnessed heavy inflows over the past two weeks with BlackRock ’s IBIT taking the lead.

The total assets under management for the Bitcoin exchange -traded fund (ETF) crossed $100 billion last week .

Over the past 30 days , a net of 124,000 Bitcoins have exited exchanges, signaling reduced liquidity.

A tightening Bitcoin supply could set the stage for a potential price squeeze, according to a recent analysis.

VR Score

63

Informative language

56

Neutral language

47

Article tone

formal

Language

English

Language complexity

41

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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