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Economist Peter Schiff, known for his skepticism towards Bitcoin (BTC), recently raised concerns about ETF investors facing potential losses.
Large crypto holders are aggressively purchasing Bitcoin amid market dips, as new data from CryptoQuant shows.
Since the beginning of June Bitcoin has been grappling with significant volatility, struggling to regain its bullish momentum.
On July 9, the Australian Securities Exchange (ASX) gave DigitalX permission to launch its spot Bitcoin ETF, which will begin trading on July 12 under the ticker symbol BTXX.
Against the backdrop of the crypto market, U.S.-based spot Bitcoin ETFs registered their strongest day of net inflows in more than a month.
Expectations for a new Bitcoin peak during the current post-halving cycle may be overly optimistic.
The German government has liquidated almost 50% of its Bitcoin holdings in the past month and there is no indication of this sell-off stopping any time soon.