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Stablecoin inflows to exchanges spike as traders prepare for spot Bitcoin ETF decision
CryptoQuant's data reveals a notable increase in stablecoin reserves held within recognized cryptocurrency exchange wallets, climbing from $18.05 billion on January 1st to surpass $19.99 billion by January 7th. This surge is largely attributed to the market's anticipation of the U.S. SEC's impending decision regarding the approval of a spot Bitcoin ETF.
