The joints circulated on the US -based Bitcoin Stock Exchange (ETFS) recorded a total of $ 2.75 billion in flows this week in Bitcoin, which exceeded its highest level in January 109,000 dollars.
The total flow of $ 2.75 billion is approximately 4.5 times of bitcoin breaks (BTC) in the previous week in the week 608 million dollars, in flows of $ 608 million, According to To Farside data.
Blackrock Bitcoin Etf continues the flow line
On May 23, on the last day of the Trading Week, Spot Bitcoin Etfs recorded $ 211.7 million in flows. However, IBIT from Blackrock was the only box that recorded the gains on trading day, adding $ 430.8 million and extending the flow chain to eight consecutive days.
GBTC of Grayscale led external flows at $ 89.2 million, followed by ARK 21Shares’ ARKB with $ 73.9 million.
Just two days ago, on May 21, the investment funds traded at Bitcoin 607.1 million dollars in flows, on the same day, Bitcoin exceeded $ 109,000 ever. The next day, Bitcoin recorded the highest new level ever at $ 111,970.
At the time of publication, Bitcoin is trading at $ 108141, According to To CoinmarketCap data.
The low price of the simple Bitcoin over the past 24 hours came, along with the low morale of the encryption market, according to The Crypto Fear & Greed index.
The index, which measures the feelings of the total encryption market, reads the degree of “greed” of 66, a decrease of 12 points of “maximum scores” of 78 the day before.
Related to: Bitcoin price “break” is expected to realize in short -term traders a profit of $ 11.6 billion
Cointelegraph recently reported that the instant investment funds in Bitcoin are on their way to exceed the monthly flow record of $ 6.49 billion from November 2024.
Meanwhile, many analysts recently suggested that Bitcoin has no signs of high temperature despite reaching the highest new levels ever this week, pointing to the basics that indicate that Bitcoin may rise more.
“The high temperature indicators such as financing and short -term capital flow are still low compared to previous summits, and that achieving profits by investors in the short term is limited,” said Crypto Dan.
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