Bitcoin

Million

Nasdaq-listed spot Bitcoin (BTC) exchange-traded funds (ETFs) experienced total inflows of $15.4 million on Monday amid a notable shift in investor sentiment, breaking a streak of five consecutive days of outflows, according to provisional data released by investment firm Farside. ended.
<h2 id="bitcoin-etfs-see-15-4-million-inflows-breaking-five-day-outflow-trend">Bitcoin ETFs See $15.4 Million Inflows, Breaking Five-Day Outflow Trend</h2>
Fidelity's FBTC led the inflows with $261.8 million, followed by BlackRock's IBIT with $35.5 million. Other funds, including BITB, BTCO, EZBC and BRRR, also saw healthy inflows, ranging from $11 million to $20 million each.
However, Grayscale's ETF (GBTC) continued to witness a decline in assets, losing just over $350 million in assets during this period.
The positive inflows mark a reversal from the significant outflows totaling $887.6 million observed in ETFs last week, primarily caused by significant withdrawals from GBTC.
The emergence of nearly a dozen spot ETFs in the US on January 11 has provided investors with a convenient way to gain exposure to the leading cryptocurrency, bypassing the complexities involved in directly owning and storing digital assets.
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Unlike futures-based ETFs, which launched in October 2021 and require position rollover, spot ETFs invest directly in Bitcoin.
Markus Thielen, founder of 10x Research, shared his views suggesting that quarter-end flows could have a stronger impact than usual and potentially push the Bitcoin price to new highs.
“With Bitcoin rising above $70,000, we can consider Tuesday's flows to be positive again.
“By quarter-end, flows may be stronger than usual,” Thielen added, underlining the potential impact of quarterly dynamics on Bitcoin's price trajectory.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-etfs-break-five-day-breakout-trend-fidelity-accelerated-acquisitions/" rel="noopener noreferrer nofollow">Bitcoin ETFs Break Five-Day Breakout Trend! Fidelity Accelerated Acquisitions!</a>

Bitcoin ETFs Break Five-Day Breakout Trend! Fidelity Accelerated Acquisitions!

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