• Bitcoin ETFs: +4,462 BTC inflow ($420.9M). BlackRock leads with +5,613 BTC ($529.5M), now holding 620,252 BTC ($58.5B).
• Ethereum ETFs: -211 ETH outflow (-$373K). Grayscale saw -233 ETH outflow ($412K), holding 1.13M ETH ($2B).
BY Technical CRYPTO Analyst
n the U.S. people generally use Bitcoin as an alternative investment, helping diversify a portfolio apart from stocks and bonds. You can also use Bitcoin to make purchases, but the number of vendors that accept the cryptocurrency is still limited. Big companies that accept Bitcoin include Overstock, AT&T and Twitch. You may also find that some small local retailers or certain websites take Bitcoin, but you’ll have to do some digging. That said, PayPal has announced that it will enable cryptocurrency as a funding source for purchases this year, financing purchases by automatically converting crypto holdings to fiat currency for users. “They have 346 million users and they’re connected to 26 million merchants,” says Spencer Montgomery, founder of Uinta Crypto Consulting. “It’s huge.”
Technical CRYPTO Analyst from ar