Bitcoin ETFs: two days of outflows, then 21 M$ in inflows. A signal or just a brief reprieve?
U.S. spot Bitcoin ETFs saw 487.07 M$ in net outflows on October 7 and 244.13 M$ on October 8, before recording 21.13 M$ in inflows on October 9 (SoSoValue). Assets under management remain substantial, at around 105.84 Md$ in net assets.
Meanwhile, around 1.12 Md$ in positions were liquidated in the 24 hours leading up to October 8, mostly long positions (CoinGlass). Bitcoin perpetual futures open interest fell from about $69 billion to $65 billion. This reflects reduced exposure, but does not establish what share came from liquidations.
The takeaway: one positive session does not confirm a lasting return of institutional demand. ETFs’ impact on price also depends on the broader market, and Wednesday’s CPI report and the Fed meeting on October 28 could affect flows.
Do you follow ETF flows or derivatives leverage more closely to read the market?#EthereumSurpasses2500USDT
U.S. spot Bitcoin ETFs saw 487.07 M$ in net outflows on October 7 and 244.13 M$ on October 8, before recording 21.13 M$ in inflows on October 9 (SoSoValue). Assets under management remain substantial, at around 105.84 Md$ in net assets.
Meanwhile, around 1.12 Md$ in positions were liquidated in the 24 hours leading up to October 8, mostly long positions (CoinGlass). Bitcoin perpetual futures open interest fell from about $69 billion to $65 billion. This reflects reduced exposure, but does not establish what share came from liquidations.
The takeaway: one positive session does not confirm a lasting return of institutional demand. ETFs’ impact on price also depends on the broader market, and Wednesday’s CPI report and the Fed meeting on October 28 could affect flows.
Do you follow ETF flows or derivatives leverage more closely to read the market?#EthereumSurpasses2500USDT