In recent days, there was great Spot Bitcoin Etfs capital flows.
However, it is not a standard external flow, neither in size or duration.
Obviously, behind this A trip from the investment funds circulated in Bitcoin It is the fear of markets because of Trump’s commercial war.
Spot Bitcoin Etfs external flows: What does it mean?
Beginning last Thursday, April 3, 2025, there were five consecutive sessions External flows from Spot Bitcoin EtfsWith the peak recorded the day before yesterday. Even yesterday, despite the recovery, the flows were negative.
Last Thursday, and BTC price He decreased from 87,000 dollars to 82,000 dollars due to the ongoing escalation Trade war Between the United States and China. While the day before there is a positive flow of up to $ 218 million, Thursday witnessed an external flow of about 10 million.
We must remember that ETFS It is traded on US exchange Just although it is open, which means a limited number of hours per day. Moreover, it must be added that in the previous days there were four days of flows, followed by three external flows, so in reality, the external direction began at the session on March 28, and it was not briefly cut during the session on April 2, before Trump announced the so -called mutual tariffs after exchanging exchanges.
In the last five sessions, External flows It was generally higher than 700 million dollarsWith peak -326 million dollars Tuesday. Yesterday, external flows were limited to 127 million.
Note that the maximum Daily flow From ever recorded so far 1.1 billionEven higher than cumulative flows in the last five sessions. Even the addition of data from the previous days, from March 28 to yesterday, in a total of nine sessions, the total external flows barely exceeds 800 million dollars, so far from any record.
Bitcoin price
Between March 28 and April 1, while there was a total of $ 311 million from External flows of investment funds circulated in Bitcoin More than three sessions, BTC price He decreased from $ 87,000 to $ 81,000, which is an unusual or wonderful decrease, as it is Bitcoin.
On April 2, while there were net flows on the Bitcoin investment fund TrumpWhen the markets were already closed, there was a sudden decrease less than $ 82,000. But even in this case, it is not an unusual dynamic for BTC.
In the following days, especially on Monday, the price BTC Below 75,000 dollars For a short moment, I remained practically until yesterday. Accompanied External flows in general Slightly 700 million dollars Of the traded investment funds, even in this case, nothing was particularly important or unusual.
This is especially important because Borse Tradizionali It was a real collapse, although he was following him a great recovery.
Perhaps the only surprising thing is that even yesterday, despite the recovery, the stock market session is still ultimately closed with The external flow of $ 127 million of the investment funds circulated in Bitcoin.
Bitcoin boxes (BTC) Spot Etfs
However, it is necessary to add a comprehensive image to understand how important this data is already.
the ETF SU BTC spot It was launched a little more than a year ago, in January 2024.
Since then, they have raised more than more than 35.6 billion dollarsAgainst it 800 million external flow From March 28 to today pale comparison.
Moreover, in the first weeks of being on the market, Gray ETF It was the liquidation of huge quantities from BTC accumulated In excess of previous years, when this was not yet traded investment funds, but only a box was unable to freely liquidate the warranty.
Just keep in mind that by examining the total performance of the individual immediate image, one of Gray (gray)GBTCGray Bitcoin Trust) From January 2024 to today, external flows recorded more than more than 22.7 billion dollarsWhile one of Blackrock (IbitIshares bitcoin trus) Score Flows of 39.5 billionIt ends up absorbing all the external flows of GBTC, and much more.
Second ETF on the BTC spot For overall flows FBTC Through sincerityWith almost 11.5 billionAnd that is why in more than a year, the investment funds circulated in Bitcoin managed 35 billion dollars in net capital In the flow.
So it is clear that Movements of the past few days Really not important, despite the fact that it is on Traditional markets The movements of the past few days are almost.
