The US Bitcoin spot ETF is “slowly absorbing” again.
According to Farside data, yesterday US Bitcoin spot ETFs saw net inflows of $31 million, achieving net inflows for eight consecutive trading days. The daily amount isn’t particularly aggressive, but the continuity itself shows that institutional channels’ marginal bid for BTC is still there.
If inflows continue to hold up, small and continuous purchases may be better at stabilizing sentiment than a one-time surge. However, if BTC is currently undergoing high-range consolidation, whether funds can keep coming in and whether trading volume can keep up will directly affect how strong the downside support is. Which do you care more about: “continuous inflows” or “a one-day volume spike”?
Source: BlockBeats
#BTC
Figure 1: US Bitcoin spot ETF net inflows for eight consecutive days · Key news points
Image source: https://www.theblockbeats.info/flash/369490
According to Farside data, yesterday US Bitcoin spot ETFs saw net inflows of $31 million, achieving net inflows for eight consecutive trading days. The daily amount isn’t particularly aggressive, but the continuity itself shows that institutional channels’ marginal bid for BTC is still there.
If inflows continue to hold up, small and continuous purchases may be better at stabilizing sentiment than a one-time surge. However, if BTC is currently undergoing high-range consolidation, whether funds can keep coming in and whether trading volume can keep up will directly affect how strong the downside support is. Which do you care more about: “continuous inflows” or “a one-day volume spike”?
Source: BlockBeats
#BTC
Figure 1: US Bitcoin spot ETF net inflows for eight consecutive days · Key news points
Image source: https://www.theblockbeats.info/flash/369490
