ETFS in the United States ends by ETFS for six weeks with an external flow of $ 157 million-details
Capital flows have slowed into the investment funds circulating in Bitcoin (the boxes circulating on the stock exchange) over the past few days, which reflects the momentum of decline in the cryptocurrency market at the present time. With the emergence of global trade tensions in the past few days, investors seem to come close to the largest encryption market in the world and other risk assets with a degree of caution.
According to the latest market data, Spot Bitcoin ETFS has seen more than $ 157 million in total net flows during the last trading week. This last round of the net capital withdrawal indicates a decrease in the appetite of financial products associated with encryption and the return of negative morale among American investors.
IBIT with Blackrock ends with positive flows for a month
On Friday, May 30, Bitcoin boxes on the stock exchange recorded the total external flow worth $ 616.22 million. Data from Sosovalue He explains that on Friday’s $ 616.22 withdrawal represents the second consecutive day of the external flows of the US -based Bitcoin investment categories after a vision of $ 358.65 million of funds on Thursday, May 29.
In leading the package, IBIT from Blackrock (the largest trading box on the BTC Stock Exchange by net assets) recorded a total daily flow of $ 430.82 million to close the week. This Friday performance settles the longest series of flows so far (34 days of capital flow), albeit with three days of Netflow.
Meanwhile, Ark 21shares Bitcoin Etf (with Ticker Arkb) came second, with a daily cumulative flow of $ 120.14 million on Friday. Bitcoin Bitcoin Etf (BitB), Bitco Mini Trust (BTC), and the wise Bitcoin Federation (FBTC) is the other US bitcoin boxes that have registered any activity per day, where it recorded 35.33 million dollars, $ 16.22 million, and 13.71 million dollars, respectively, respectively.
Source: SoSoValue
In the last two days of the week of the week, the boxes on the stock exchange pushed the ETFS registry to the negative lands. As we mentioned earlier, the Bitcoin ETF market in the United States witnessed more than $ 157 million in total net flows last week, putting an end to the positive capital flow for six weeks (more than 9 billion dollars).
Bitcoin price and traded investment funds
As shown in the past, there is no doubt about the direct relationship between the investment funds circulating in the instant Bitcoin in the United States and the BTC price. The capital flow of financial products slowed with the first cryptocurrency moving away from its recently highly obtained price of $ 111,871.
From writing these lines, the BTC price is about 104,424 dollars, which reflects only a 0.4 % increase during the past 24 hours. According to data from Coingecko, the leading cryptocurrency has lost nearly 3 % of its value in the past seven days.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
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