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Trend reversal in BTC ETF inflows
As of May 1st, yesterday ended with a net inflow of funds into the American exchange-traded fund investing in Bitcoin. The figure was +$23.5 million USD.
The previous three trading sessions consecutively recorded capital outflows. The current change in dynamics reflects a resumption of institutional interest, which has already been reflected in the rise of BTC prices.
The situation requires monitoring: sustained inflows in the coming days will confirm or refute a short-term trend reversal.