US spot Bitcoin ETFs continue to pull capital out of the market.
On September 25, they received about $191 million in net inflows. This is already the sixth consecutive day in the green, and the total result of the series has exceeded $2.8 billion.
BlackRock IBIT remained the main beneficiary: in the last session, it attracted about $163 million. The fund already controls about 800k $BTC .
But there’s a catch.
On Monday, US BTC ETFs received almost $999 million. In other words, over a few days, the daily flow has shrunk by roughly five times.
I wouldn’t call this a reversal of institutional demand. The streak is still positive. But the market is clearly getting less fresh fuel than at the peak of the week.
I’m more focused on the pace than on the “pretty” amount of accumulated inflows. $2.8 billion sounds loud. And how much money comes in tomorrow will tell you much more about demand.
If you want to analyze Bitcoin movement through real flows, not the noise around the chart, subscribe to @MoonMan567
On September 25, they received about $191 million in net inflows. This is already the sixth consecutive day in the green, and the total result of the series has exceeded $2.8 billion.
BlackRock IBIT remained the main beneficiary: in the last session, it attracted about $163 million. The fund already controls about 800k $BTC .
But there’s a catch.
On Monday, US BTC ETFs received almost $999 million. In other words, over a few days, the daily flow has shrunk by roughly five times.
I wouldn’t call this a reversal of institutional demand. The streak is still positive. But the market is clearly getting less fresh fuel than at the peak of the week.
I’m more focused on the pace than on the “pretty” amount of accumulated inflows. $2.8 billion sounds loud. And how much money comes in tomorrow will tell you much more about demand.
If you want to analyze Bitcoin movement through real flows, not the noise around the chart, subscribe to @MoonMan567
