Bitcoin ETF flows just flipped hard.
The net inflow of spot Bitcoin ETFs in the U.S. on August 28 came in at -$201.81M, ending the previous streak of positive fund flows.
Notably, across the tracked ETF group, only Morgan Stanley’s MSBT recorded an inflow, with +$9.34M on the day.
On the other hand, ARKB by Ark Invest & 21Shares led the outflows with -$114.89M.
Meanwhile, total net assets of spot Bitcoin ETFs are currently about $97.59B, equivalent to 6.28% of Bitcoin’s market capitalization, while cumulative net flows since launch are around $54.63B.
$201M walked out in one day. ETF buyers finally hit the brakes.
What I’ll be watching is whether this is just a single profit-taking session after a strong inflow streak, or whether there are signs of a change in institutional demand beginning to emerge.
Do you think ETF flows will bounce back immediately in the next session, or will Bitcoin face more selling pressure?
#bitcoin #$BTC
#BitcoinETFs #etf #MorganStanley
The net inflow of spot Bitcoin ETFs in the U.S. on August 28 came in at -$201.81M, ending the previous streak of positive fund flows.
Notably, across the tracked ETF group, only Morgan Stanley’s MSBT recorded an inflow, with +$9.34M on the day.
On the other hand, ARKB by Ark Invest & 21Shares led the outflows with -$114.89M.
Meanwhile, total net assets of spot Bitcoin ETFs are currently about $97.59B, equivalent to 6.28% of Bitcoin’s market capitalization, while cumulative net flows since launch are around $54.63B.
$201M walked out in one day. ETF buyers finally hit the brakes.
What I’ll be watching is whether this is just a single profit-taking session after a strong inflow streak, or whether there are signs of a change in institutional demand beginning to emerge.
Do you think ETF flows will bounce back immediately in the next session, or will Bitcoin face more selling pressure?
#bitcoin #$BTC
#BitcoinETFs #etf #MorganStanley
