Greed

Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Spot

The Bitcoin Fear and Greed Index has plunged into a “neutral” zone following Bitcoin’s 13.5% drop from last week's intraday high after the approval of spot Bitcoin ETFs (exchange-traded funds) in the US. The index currently lies at 52, close to neutral on a scale of 0 to 100. It is at its lowest score since October 19, and indicates market uncertainty. 
<img class="alignnone  wp-image-472401" src="https://insidebitcoins.com/wp-content/uploads/2024/01/GreedFearIndex-300x186.png" alt="" width="778" height="482"> <a href="https://insidebitcoins.com/wp-content/uploads/2024/01/1-1.png"><img class="aligncenter wp-image-472354 size-full" src="https://insidebitcoins.com/wp-content/uploads/2024/01/1-1.png" alt="Bitcoin " width="771" height="342"></a> The index shows “greed” at near the 100 level and “fear” at the near 0 level. On January 9, it moved above 70, indicating “greed” as the crypto market anticipated the approval of spot BTC ETFs. The index considers trading volumes, volatility, social media mentions, trends, and dominance. At the current level of 52, the index shows traders are adopting a wait-and-see approach. Bitcoin rallied to almost $49K after the US Securities and Exchange Commission (SEC) <a href="https://insidebitcoins.com/news/sec-ushers-in-new-era-for-crypto-with-landmark-bitcoin-etf-approvals-for-fund-management-giants" target="_blank" rel="noopener">reluctantly approved</a> a BTC ETF. It was trading at $42,298 at 11:04 a.m. EST. Despite Bitcoin’s price drop, BTC ETFs raked in net flows of $3.6 billion posted in the two days after approval to prompt warnings from some analysts of a potential Bitcoin supply crunch. https://twitter.com/EricBalchunas/status/1746145426229669972 
<h2 id="jpmorgan-doubts-fresh-capital-will-flow-into-btc-after-bitcoin-etf-approvals">JPMorgan Doubts Fresh Capital Will Flow Into BTC After Bitcoin ETF Approvals</h2> JPMorgan analysts are skeptical that a lot of fresh capital will flow into spot BTC ETFs. Rather, the inflows will come from the existing crypto products, they say. https://twitter.com/TheBlock__/status/1745545195578376462 Despite a lack of significant fresh capital, they <a href="https://twitter.com/TheBlock__/status/1745545195578376462" target="_blank" rel="noopener">say</a> the new ETFs will rake in up to $36 billion.&nbsp;They also expect $5 billion to $10 billion to exit the Grayscale Bitcoin Trust ETF and move to new spot ETFs as investors profit from buying discounted GBTC shares. 
<h3 id="also-read">Also Read</h3> 
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Bitcoin Fear & Greed Index Plunges To Neutral Zone As BTC Tumbles After Bitcoin ETF Approvals

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