#Gate广场五月交易分享

Bitcoin ETF Funds Slightly Rebound

On Thursday, Bitcoin ETFs experienced a massive influx of funds, with a single-day net inflow of $131 million, reversing recent outflows and showing renewed institutional appetite for Bitcoin. BlackRock's iShares Bitcoin Trust (IBIT) alone contributed a net inflow of $144 million, becoming the main source of capital inflow. As of May 15, IBIT still dominates the Bitcoin ETF market, managing over $64 billion in assets, with a daily trading volume exceeding $2 billion. The total net assets of all Bitcoin ETFs currently reach $105.51 billion, with a cumulative net inflow of $59.06 billion since their launch in early 2024.

This influx of funds at this point is more likely a short-term low-buy operation based on recognition of Bitcoin's recent decline, combined with positive sentiment from the U.S. Senate committee's approval of the "Clear Bill." However, the $131 million inflow is negligible compared to the outflows seen earlier this week, indicating that investors remain cautious about the market, and short-term prices are unlikely to break the key resistance level of $83,000. The weekend is expected to see continued choppy trading, mainly around the $79,500–$81,500 range, with a strategy of shorting high and buying low.

Additionally, despite Bitcoin ETFs experiencing a revival in funds, Ethereum ETFs saw a net outflow of $5.65 million on the same day, indicating that traditional market investors currently prefer Bitcoin as the primary digital asset investment tool. Folks, the reason for ETH's underperformance has been found!