All spot Bitcoin exchange-traded funds (ETFs) and crypto-related stocks opened higher after recording massive rise in pre-market hours on Friday as BTC price breaks above $47,000. Experts think it’s because investors, including whales, are moving money back into the crypto market.
Massive Pre-Market Trading in Crypto Stocks and Spot Bitcoin ETF
Stocks such as Coinbase (COIN) and MicroStrategy (MSTR) opens over 6%, and Robinhood Markets (HOOD) up 2% amid a rally in BTC price.
Moreover, Bitcoin mining stocks such as Marathon Digital, Riot Blockchain, TeraWulf, CleanSpark Inc, and others also rally on bullish sentiment on Bitcoin. CleanSpark stock price jumped 27% due to strong earnings report and plans to buy four mining facilities.
All spot Bitcoin ETFs also open much higher, indicating massive demand for Bitcoin today. Bloomberg ETF analyst James Seyffart noted Thursday was the 3rd biggest inflow day for the spot Bitcoin ETFs since their launch. First day inflow was over $655 million
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