Analysis: Bitcoin and Ethereum prices are highly synchronized with the inflow and outflow of spot ETF funds.

robot
Abstract generation in progress
Mars Finance news, according to analyst Yu Jin, after the launch of spot ETFs, the price trends of BTC and ETH are basically consistent with the direction of ETF fund flows: fund inflows correspond to rises, and fund outflows correspond to declines. The data they provided claims that from last October to now, the size of BTC ETFs fell from $169.5 billion to $96.4 billion, a decrease of 43%. Over the same period, the price of BTC dropped from $125k to $73k, a decline of 41%. The size of ETH ETFs fell from $32 billion to $11.6 billion, a decrease of 63%. Over the same period, the price of ETH dropped from $4,800 to $2,000, a decline of 59%. In recent days, ETFs have continued to see net outflows, and prices have been falling for about half a month.
BTC-2.46%
ETH-2.4%
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
  • 10
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-57ab9c02
· 1h ago
Can the positions at 73k and 2,000 hold?
View OriginalReply0
0xLateBreakfast
· 5h ago
This trend is a bit similar to 2021, and institutional products have instead become volatility amplifiers.
View OriginalReply0
DaoAfterparty
· 6h ago
With such a high synchronization rate, in the future, monitoring ETF capital flows will be the first step in market analysis.
View OriginalReply0
GateUser-c4e25c95
· 6h ago
96.4 billion drops to this scale, are institutional beliefs also wavering?
View OriginalReply0
Stop-LossLineForTheEveningGlow
· 6h ago
Continuous net outflows for half a month, short-term pressure is indeed significant
View OriginalReply0
FrenBurner
· 6h ago
BTC drops 41%, ETH drops 59%, and Ethereum's decline is even more severe.
View OriginalReply0
GateUser-173efae5
· 6h ago
It feels like ETFs have become a weather vane; capital flows are more accurate than on-chain data.
View OriginalReply0
HaiyanColdWallet
· 6h ago
Since October last year, this ETF has been shrinking for over half a year.
View OriginalReply0
ViewingBullAndBearMarketsFromA
· 6h ago
A 43% and 63% decline, institutions are also pulling out.
View OriginalReply0
Half-SectionSucculent
· 6h ago
ETF capital outflows and price decline simultaneously; this correlation is indeed quite strong.
View OriginalReply0
View More
  • Pinned