Recently, the first net outflow has been welcomed, and the net inflow has been interrupted for 17 consecutive days! Bitcoin ETF Momentum Slowing Down?

Recently, Bitcoin ETF experienced its first net outflow, and the momentum of net inflows was interrupted for 17 consecutive days. This phenomenon has attracted market attention. Does it mean that the momentum of Bitcoin ETF is gradually weakening? PHP editor Youzi will conduct an in-depth analysis on this topic.

According to data from BitMEX Research and Farside Investors, the Bitcoin ETF once again experienced net outflows after January 25, reaching $35.7 million, breaking the previous 17 consecutive years. Net inflow record for trading days.

For comparison, the average net inflow in the five trading days before February 16 last week was approximately 7,000 Bitcoins, worth approximately US$454 million.

The net outflow still mainly comes from Grayscale’s GBTC, with an outflow of approximately 3,877 Bitcoins.

BlackRock’s IBIT and Fidelity’s FBTC continued to be the main inflows, with a combined holdings of nearly 3,000 Bitcoins.

Grayscale actively transforms and submits anonymous currency ETF

Grayscale’s decision to transform all its closed funds into ETFs is not unexpected, but it is anonymous first Submitting the application for ZEC instead of mainstream alternative coins is somewhat unexpected.

However, Nate Geraci, co-founder of The ETF Institute, cited documents and pointed out that he believes that Grayscale’s expansion of its ETF product lineup is a wise move.

Previously reported that both Binance and OKX chose to delist a variety of anonymous coins without elaborating on the specific reasons.

The above is the detailed content of Recently, the first net outflow has been welcomed, and the net inflow has been interrupted for 17 consecutive days! Bitcoin ETF Momentum Slowing Down?. For more information, please follow other related articles on the PHP Chinese website!