Post

#Gate Money officially launched


Fund flows on the 7th (data from Farside): Bitcoin spot ETFs saw net outflows of $484.9 million, with BlackRock's IBIT alone recording $207.7 million in outflows, compared with a net inflow of $118.8 million the previous day. Ethereum spot ETFs saw net outflows of $160.9 million, marking seven consecutive trading days of outflows totaling approximately $569 million.

The new assessment is: Bitcoin reversed course within a single day, which looks more like sentiment; Ethereum has seen outflows for seven straight days, which looks more like a trend. Once the meeting minutes were released, rate hike expectations returned, and the money most sensitive to interest rates withdrew first. The headline was also changed to “Singapore is laying the tracks, while ETFs are retreating.”
View Original
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
BTCBTC-2.58%
ETHETH-4.55%

  • 1

Add a comment
Add a comment

Comment
DojiPainter
29 minutes ago
IBIT flips in a day— institutional money really does move faster than retail investors.
0View Original
MempoolNomad
33 minutes ago
Seven consecutive days of net outflows—ETH has been dragged through the mud by interest-rate expectations this time.
0View Original
TheMasterOfChasingGainsAnd
34 minutes ago
Pullback or further weakening? 👀
0View Original
ProxyNinja
37 minutes ago
First Review
Singapore lays the tracks while ETFs retreat—this headline has something to it, looking at both the Eastern and Western hemispheres.
0View Original