$2.57 billion in 7 sessions, do Bitcoin ETFs really give a bullish signal?

Share

US spot Bitcoin ETFs recorded $2.57 billion in net inflows over the past 7 trading sessions, with $337.56 million on Monday and $314.37 million on Tuesday. BlackRock’s IBIT captured over $1.5 billion, representing nearly 60% of these inflows, while Fidelity’s FBTC gathered approximately $300 million. In total, Bitcoin ETFs hold over 1.2 million BTC, worth $99.05 billion, and show $54.36 billion in cumulative net inflows since their launch. While this surge in flows reflects a return of demand for Bitcoin exposure through traditional markets, it does not allow for predicting BTC price movements. Historically, peak inflows regularly coincide with local BTC tops, and the current return above $80,000 could remain temporary.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles