$BTC ETF BITCOIN CONTINUES TO ATTRACT MONEY
After a session of outflows, the U.S. spot Bitcoin ETF quickly returned to net inflows of USD 102.67 million.
The most notable is BlackRock’s IBIT, which pulled in USD 195.57 million in a single day.
Meanwhile, Fidelity’s FBTC saw outflows of USD 60.73 million, and Grayscale’s GBTC lost USD 31.39 million.
Over the past 30 days, the group of Bitcoin ETF products has attracted about USD 2.99 billion.
BTC has also returned above the USD 86,000 level. This is a rather noteworthy point because ETF flows are recovering at the same time as the price.
However, not all parts of the market are drawing money.
Ethereum ETFs continued to see withdrawals of USD 55.37 million, marking the third consecutive session of negative flows.
Zcash also faced pressure as the ZCSH ETF was hit with additional outflows of USD 28.26 million.
On the other side, NEAR ETF continued its third consecutive session of capital inflows, totaling USD 8.08 million, while HYPE ETF attracted another USD 4.96 million.
Mây sees that current capital flows are quite selective.
Funds still flow into crypto, but not every coin benefits.
BTC is getting attention again. As for altcoins, it remains to be seen where the capital rotates next.
Follow Mây to keep track together.
DYOR and manage your capital before trading.#nfpwatch #TheoDõiFOMC #BitcoinFundingRateTriplesTo10% #BitcoinSurpasses$86KUp2.99%
After a session of outflows, the U.S. spot Bitcoin ETF quickly returned to net inflows of USD 102.67 million.
The most notable is BlackRock’s IBIT, which pulled in USD 195.57 million in a single day.
Meanwhile, Fidelity’s FBTC saw outflows of USD 60.73 million, and Grayscale’s GBTC lost USD 31.39 million.
Over the past 30 days, the group of Bitcoin ETF products has attracted about USD 2.99 billion.
BTC has also returned above the USD 86,000 level. This is a rather noteworthy point because ETF flows are recovering at the same time as the price.
However, not all parts of the market are drawing money.
Ethereum ETFs continued to see withdrawals of USD 55.37 million, marking the third consecutive session of negative flows.
Zcash also faced pressure as the ZCSH ETF was hit with additional outflows of USD 28.26 million.
On the other side, NEAR ETF continued its third consecutive session of capital inflows, totaling USD 8.08 million, while HYPE ETF attracted another USD 4.96 million.
Mây sees that current capital flows are quite selective.
Funds still flow into crypto, but not every coin benefits.
BTC is getting attention again. As for altcoins, it remains to be seen where the capital rotates next.
Follow Mây to keep track together.
DYOR and manage your capital before trading.#nfpwatch #TheoDõiFOMC #BitcoinFundingRateTriplesTo10% #BitcoinSurpasses$86KUp2.99%
