Bitcoin Flirts With $52K on Strong Spot ETF Inflows; Crypto Hacks Are on the Rise

Could the spot. Bitcoin ETF be the most successful ETF in history. It's been the most successful launch, but it's going to be very hard to out compete the S and P and NASDAQ indexes. So I unfortunately have to go by no good afternoon and welcome to first mover on coin desk on this show, you get all of your top news headlines, deep dives into specific topics and interviews with industry heavy hitters. Let's get right into it.

So um immediately after the ETF launch, uh we saw that CMU was reducing exposure quite dramatically, but this has completely flipped over the past few weeks. Now, CME participants are entering the market again. Open interest is very near to all time highs and it's been a very dramatic growth over the past few weeks.

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Bitcoin Flirts With $52K on Strong Spot ETF Inflows; Crypto Hacks Are on the RiseBitcoin (BTC) is trading near the $52,000 level following strong spot BTC ETFs inflows. K33 senior analyst Vetle Lunde weighs in on the driving force behind the performance of the ETF products and his bitcoin price outlook for the rest of the year. Plus, insights on the latest hacks and exploits in the crypto industry.
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