Bitcoin (BTC) Price Regains $67K as the Bitcoin 2024 Conference Continues in Nashville

Bitcoin (BTC) traded near $65,000 yesterday and was recently back above $67,000 as the Bitcoin 2024 conference continues in Nashville.

Key Points

Bitcoin rose above $67,000 on Thursday as the Bitcoin 2024 conference continued in Nashville, with the cryptocurrency trading at around $67,200 in the afternoon.

Inflows into spot bitcoin ETFs were at $31.1 million on Thursday, according to Farside Investors. Jersey City Mayor Steven Fulop said on CNBC that the city's pension fund will invest in bitcoin ETFs with a potential allocation of 2%. The State of Michigan Retirement System disclosed owning $6.6 million of the ARK 21Shares Bitcoin ETF (ARKB) in an SEC filing Friday morning.

The Grayscale Ethereum Trust (ETHE) saw another $346.2 million in outflows on Thursday, according to Farside Investors. This brought the ETF's three-day total outflows to $1.15 billion, with $7.4 billion in assets still under management.

Total net outflows in the spot ether ETF market reached $179.1 million. Ether rose by 2.5% in the last 24 hours, according to CoinDesk data.

Crypto exchange Coinbase Global (COIN) rose 5% after announcing three new board members, including Clement & Murphy Partner Paul Clement, who will advise Coinbase in its ongoing legal battle with the SEC.

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