Shift

Bitcoin ETF

Bitcoin

<ul>
 <li>Investors are cautiously optimistic about potential Bitcoin ETF approval, despite recent negative ETF inflow trends.</li>
 <li>If approved, net outflows in BTC ETFs may all at once give rise to concerns among investors about changes in the market dynamics.&nbsp;</li>
 <li>An ETF approval could boost liquidity and massive adoption, attracting institutional investors into the crypto space.</li>
</ul>
<p>An announcement by Bernstein estimating the possible approval of $779 billion <a href="https://cryptonewsland.com/us-bitcoin-etfs-record-152m-outflow-in-continued-downtrend/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> led to anticipation within the crypto community. It has investors wondering if they are ready for this, knowing that it would make a massive difference in the market.</p>
<p>According to <a href="https://x.com/spotonchain?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor" target="_blank" rel="noopener noreferrer nofollow">Spot On Chain</a>, one of the trends that took the lead in the Bitcoin ETF market was: on June 18, 2024, Bitcoin ETF net outflows equaled -$152M, showing a very negative trend in investments from that time. No US Bitcoin ETFs have inflows, and outflows came from Grayscale’s GBTC and Fidelity’s FBTC.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">JUST IN: $779 billion Bernstein says <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> ETFs about to be approved at major financial institutions.<br><br>Are you prepared? <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/vADe8c3Sky" rel="noopener noreferrer nofollow">pic.twitter.com/vADe8c3Sky</a></p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1803378145866781111?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="h-etf-market-trends"><strong>ETF Market Trends</strong></h3>
<p>At press time, Bitcoin&nbsp; ETF was trading at&nbsp; <a href="https://coinmarketcap.com/currencies/bitcoin-etf-token/" target="_blank" rel="noopener noreferrer nofollow">$0.000673</a>, with a 24-hour trading volume of $57.00. It has fallen by 0.53% in the last 24 hours, indicating the bias in the market over the period. It brings much hope to the crypto market that someday, there might be approval of Bitcoin ETFs by major financial institutions. The ETFs could easily open a channel regulated and accessible to institutional investors, so liquidity and Bitcoin adoption might flow accordingly.</p>
<p><br>The recent trend in ETF inflows presents, however, a need for caution: four successful days of net negative inflows may tell investors that something is off or, at the very least, make them apprehensive about the ETFs. This could depress market sentiment and maybe even affect decisions by regulators.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/ETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ETF</a> Net Inflow June 18, 2024: -$152M!<br><br>• No US Bitcoin EFTs had an inflow yesterday <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a0.png" alt="⚠" class="wp-smiley" style="height: 1em; max-height: 1em;">.<br><br>• <a href="https://twitter.com/hashtag/Grayscale?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Grayscale</a> (GBTC) experienced an outflow of $62.3M, preceded by only <a href="https://twitter.com/hashtag/Fidelity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Fidelity</a> (FBTC) with $83M.<br><br>• The net inflow remains negative for 4 consecutive days.<br><br>Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@spotonchain</a>… <a href="https://t.co/0DWBtx0Dd4" rel="noopener noreferrer nofollow">pic.twitter.com/0DWBtx0Dd4</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1803276774438301774?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 19, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="strong-implications-of-etf-approval-strong"><strong>Implications of ETF Approval</strong></h3>
<p>Therefore, investors must remain informed and cautious. It is of key importance to track <a href="https://cryptonewsland.com/combined-bitcoin-and-ethereum-etf-targets-growing-investor-demand/" target="_blank" rel="noopener noreferrer nofollow">ETF inflow trends</a> and keep one updated on market developments in order to make well-informed investment decisions in this fast-changing environment.</p>
<p>It’s also important to consider the more significant implications of a <a href="https://cryptonewsland.com/us-spot-bitcoin-etfs-report-226m-outflows-fidelitys-fbtc-leads/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETF approval</a>. Besides potentially improving liquidity and adoption of markets, it would allow for increased attention from regulators and traditional financial players. Hence, one must seek a balanced perspective toward assessing the eventuality of a Bitcoin ETF’s impact on the cryptocurrency market.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/u-s-spot-bitcoin-etfs-maintain-15-day-inflow-streak-with-105m/" rel="noopener noreferrer nofollow">U.S. Spot Bitcoin ETFs Maintain 15-Day Inflow Streak with $105M</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-etfs-hit-second-highest-inflows-day-with-886-6-million/" rel="noopener noreferrer nofollow">Bitcoin ETFs Hit Second-Highest Inflows Day with $886.6 Million</a></li>
 <li><a href="https://cryptonewsland.com/crypto-markets-rally-june-opens-with-2-billion-inflows-ethereum-shines/" rel="noopener noreferrer nofollow">Crypto Markets Rally: June Opens with $2 Billion Inflows, Ethereum Shines</a></li>
 <li><a href="https://cryptonewsland.com/significant-inflows-mark-second-best-day-for-bitcoin-etfs/" rel="noopener noreferrer nofollow">Significant Inflows Mark Second-Best Day for Bitcoin ETFs</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-etf-inflows-hit-record-highs-amid-rally-to-100k/" rel="noopener noreferrer nofollow">Bitcoin ETF Inflows Hit Record Highs Amid Rally to $100K</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/market-poised-for-major-shift-with-potential-bitcoin-etf-approval/" rel="noopener noreferrer nofollow">Market Poised for Major Shift with Potential Bitcoin ETF Approval</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Market Poised for Major Shift with Potential Bitcoin ETF Approval

Table of Contents

Crypto News Land

Other articles published on Jun 19, 2024

Bitcoin To Rebound In The Next Months, Will Hit $200K In 2025: Bernstein

MoonBag’s Top Crypto Presale in 2024 Splashes All Over Binance and Shiba Inu

SEC Ends Ethereum Investigation, Paving the Way for ETF Launch

Next Cryptocurrency to Explode Wednesday, June 19 — Arweave Ethereum Name Service, Conflux, Mog Coin

XRP Investors Cry Foul Over SEC’s Ethereum Favoritism

I’m More Bullish Than Ever on Crypto: Jeremy Allaire, QCP Capital, Matt Hougan

Join our free newsletter for daily crypto updates!