US spot BTC ETFs just extended their inflow streak to 8 straight trading days, but Monday's $31M net was the weakest day of the whole run, per Farside Investors data.
The composition is the real story. IBIT alone pulled in $54.8M — Grayscale's GBTC and Fidelity's FBTC bled $23.2M and $10.9M respectively, a combined $34M out the door. Strip IBIT out of the total and the "streak" is actually a net outflow day. One product is doing all the work of holding this narrative together while legacy funds keep leaking.
Worth watching: does BlackRock's share of daily flow keep climbing, or does IBIT's own pace slow enough that the streak just breaks on its own? Either way, "inflow streak" and "broad demand" aren't the same claim right now.
#Bitcoin #TokenBot #ETF #TradingSignals $BTC $TBOT tokenbot.com
The composition is the real story. IBIT alone pulled in $54.8M — Grayscale's GBTC and Fidelity's FBTC bled $23.2M and $10.9M respectively, a combined $34M out the door. Strip IBIT out of the total and the "streak" is actually a net outflow day. One product is doing all the work of holding this narrative together while legacy funds keep leaking.
Worth watching: does BlackRock's share of daily flow keep climbing, or does IBIT's own pace slow enough that the streak just breaks on its own? Either way, "inflow streak" and "broad demand" aren't the same claim right now.
#Bitcoin #TokenBot #ETF #TradingSignals $BTC $TBOT tokenbot.com
