Bitcoin Price and Institutional Interest Surge Amid Optimism for Spot Crypto ETF Approvals
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Massive 220% increase in 30-day moving average of Bitcoin exchange inflows and outflows since start of year, suggesting growing institutional demand
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Average size of Bitcoin deposits to exchanges has climbed close to previous all-time high of $30,000, indicating investors moving large sums
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Potential sign of rising institutional interest ahead of key Bitcoin ETF decision dates in January 2024
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Speculation that U.S. SEC could approve several spot Bitcoin ETF bids in early January
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Bitcoin price up over 16% in past week amid optimism around potential spot crypto ETF approval