A bit of good news amid the sea of red: ETF funds are buying again 👀
After 7 consecutive days of outflows (about $1.12 billion flowed out of Bitcoin funds), on November 5, funds $BTC recorded a small net inflow of around $16.5 million.
Funds $ETH recorded inflows of around $40 million on the same day.
What does this mean, simply?
The numbers are small compared with what flowed out, so we can't say "institutions are back in force." But stopping the bleeding is a first step worth watching.
If inflows continue for several days in a row, then it's more meaningful.
Not financial advice.
Do you consider ETF flows an important indicator for your decisions, or do you think they're overhyped?
#BinanceSquare #BitcoinETF #Ethereum
After 7 consecutive days of outflows (about $1.12 billion flowed out of Bitcoin funds), on November 5, funds $BTC recorded a small net inflow of around $16.5 million.
Funds $ETH recorded inflows of around $40 million on the same day.
What does this mean, simply?
The numbers are small compared with what flowed out, so we can't say "institutions are back in force." But stopping the bleeding is a first step worth watching.
If inflows continue for several days in a row, then it's more meaningful.
Not financial advice.
Do you consider ETF flows an important indicator for your decisions, or do you think they're overhyped?
#BinanceSquare #BitcoinETF #Ethereum
