US Bitcoin spot ETFs have seen net inflows for 8 consecutive days.
š On 9/28 (ET), the single-day net inflow was $31.07 million, and the $ETH spot ETF saw a net inflow of $17.10 million that same day.
š A net inflow of 30 million in a day isnāt a big number, but ā8 consecutive daysā is a different storyāit suggests the buying pressure isnāt a one-off impulse; itās sustained.
ā ļø One more note on timing: the figures above are for 9/28 (ET). For 9/29, we have to wait for the close of US marketsāso the data will only come out tomorrow morning Beijing time.
š Another item worth noting: Bitget originally planned to delist $DOG. After the community spoke up, founder LeonidasNFT said the platform has agreed to indefinitely postpone the delisting. However, this is only a delayāthe resumption of withdrawals still depends on later announcements.
Thereās a point thatās easy to mix up here: delaying a delisting and restoring withdrawals are two different things. Bitgetās BTC withdrawals were already opened on the afternoon of 9/28. In the first hour, it processed about 7,683 orders, about 3,609 of $BTC .
Money is moving into the ETFs, while the exchangeās delisting list is being withdrawn. Which of these do you think impacts sentiment more directly?
#Bitcoin
š On 9/28 (ET), the single-day net inflow was $31.07 million, and the $ETH spot ETF saw a net inflow of $17.10 million that same day.
š A net inflow of 30 million in a day isnāt a big number, but ā8 consecutive daysā is a different storyāit suggests the buying pressure isnāt a one-off impulse; itās sustained.
ā ļø One more note on timing: the figures above are for 9/28 (ET). For 9/29, we have to wait for the close of US marketsāso the data will only come out tomorrow morning Beijing time.
š Another item worth noting: Bitget originally planned to delist $DOG. After the community spoke up, founder LeonidasNFT said the platform has agreed to indefinitely postpone the delisting. However, this is only a delayāthe resumption of withdrawals still depends on later announcements.
Thereās a point thatās easy to mix up here: delaying a delisting and restoring withdrawals are two different things. Bitgetās BTC withdrawals were already opened on the afternoon of 9/28. In the first hour, it processed about 7,683 orders, about 3,609 of $BTC .
Money is moving into the ETFs, while the exchangeās delisting list is being withdrawn. Which of these do you think impacts sentiment more directly?
#Bitcoin