U.S. Shutdown Progress Pushes Bitcoin Above $105K Amid ETF Outflows

Bitcoin’s rise on easing U.S. government shutdown concerns faces headwinds from spot ETF withdrawals and sales by long-term holders.

BTC

Summary

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Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset, in this case Bitcoin, rather than derivatives.
  • Long-term holder: An investor who retains a cryptocurrency for an extended period, often months or years, before selling.
  • Government shutdown: A situation where U.S. federal agencies close or reduce operations due to Congress failing to pass funding legislation.