Why is nobody talking about how Bitcoin ETFs just staged a full turnaround while most traders were still looking the other way?
Traders who sold $BTC over the summer when those funds looked like a bust are now watching the market move without them. Missing an entry like this is exactly how you end up buying higher later and wondering what happened.
Spot $BTC ETFs took in $2.4B during the week ending September 25, the strongest week since last October. Monday alone accounted for nearly $999M.
This is a clear case study in how fast institutional money can rotate. Those same ETFs sat $5.8B in the red for the year back in July. Two months later they are back in the green.
Over 90% of the week's flows went into $IBIT, $FBTC and ARKB. The idea that big money had already lost interest in $BTC does not hold up against these numbers.
Where do you think this goes from here?
#Bitcoin #ETFInflows #Crypto
Traders who sold $BTC over the summer when those funds looked like a bust are now watching the market move without them. Missing an entry like this is exactly how you end up buying higher later and wondering what happened.
Spot $BTC ETFs took in $2.4B during the week ending September 25, the strongest week since last October. Monday alone accounted for nearly $999M.
This is a clear case study in how fast institutional money can rotate. Those same ETFs sat $5.8B in the red for the year back in July. Two months later they are back in the green.
Over 90% of the week's flows went into $IBIT, $FBTC and ARKB. The idea that big money had already lost interest in $BTC does not hold up against these numbers.
Where do you think this goes from here?
#Bitcoin #ETFInflows #Crypto