This week's US physical Bitcoin ETF saw a net inflow of $250 million.

robot
Abstract generation in progress

According to a report from Jincheng Finance, there was a net inflow of $250 million into US physical Bitcoin ETFs this week. The breakdown is as follows:

BlackRock IBIT: +434.3 million Dollar Fidelity FBTC: +25.1 million Dollar Bitwise BITB: -$76.9 million ARK ARKB:-8,150 million Dollar Invesco BTCO: +2.2 Million Dollar Franklin EZBC: -3.2 million Dollar VanEck HODL: -13.2 million Dollar Grayscale GBTC: -$69.7 million Grayscale Mini BTC: +33.2 million Dollar

To be honest, the inflow amount from BlackRock is just incredible! Why is there such a gap while other asset management companies are struggling? I wonder if institutional investors are really attracted by brand power. I'm also concerned about the continued outflow of Grayscale's funds. It might be due to the high fees, but the key is how long the outflow will continue.

The price of BTC has recently surpassed 120,000 Dollars, setting a new record, but looking at this movement in the ETF market, there may still be room for further upside. Especially if institutional investors enter the market in earnest, even greater surges can be anticipated.

But I'm worried about the big outflow from ARK. I wonder what Cathy Wood's investment decisions are like? Or is it just a move to take profits...

In any case, it is undeniable that future capital flows will have a significant impact on price formation. We must not forget that this trend could change rapidly, especially due to the political situation and economic indicators in the United States.

Disclaimer: This is for informational purposes only. Past performance is not indicative of future results.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)