Euphoria

2024

Bitcoin

Billion

<p>For the past seven weeks, Bitcoin ETFs have been at the center of a massive influx of capital. While many experts and investors were betting on the continuation of this momentum, it has begun to wane. Here’s what explains this trend that concerns not only Bitcoin but also several crypto funds, namely Ethereum, Solana, and Cardano.</p>
<h2 id="h-the-waning-appetite-of-investors-in-bitcoin-etfs-and-crypto-funds">The Waning Appetite of Investors in Bitcoin ETFs and Crypto Funds</h2>
<p>Last week, spot Bitcoin ETFs and crypto funds saw a significant decrease in momentum—a trend market observers explain by investors showing marked reluctance to maintain their positions.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>This is the first time in seven weeks of activity that such a <a href="https://decrypt.co/223258/bitcoin-etfs-crypto-funds-lost-1-billion-investor-hesitancy" target="_blank" rel="noopener noreferrer nofollow">trend</a> has been observed. Seven consecutive weeks during which Bitcoin ETFs and crypto funds have been the subject of sustained capital inflows. Also seven weeks ended by a massive withdrawal of capital.</p>
<p>According to a recent report, some 942&nbsp;million dollars have exited funds offering exposure to major cryptos. We’re talking about cryptos such as Bitcoin (BTC), Ethereum’s ether (ETH), Solana’s SOL, and Cardano’s ADA.</p>
<p>But how can we reasonably explain this sudden change in crypto investors’ perception? CoinShares, one of the leading digital asset fund managers, provides an answer in a recent report.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Bitcoin ETFs, Crypto Funds Lost Nearly $1 Billion Last Week Due to Investor 'Hesitancy' <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2935.png" alt="⤵" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/KAvP5ZSlse" rel="noopener noreferrer nofollow">https://t.co/KAvP5ZSlse</a></p>— Cryptribune (@cryptribune) <a href="https://twitter.com/cryptribune/status/1772328180340150460?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 25, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
</figure>
<h2 id="the-intensification-of-investors-doubts">The Intensification of Investors’ Doubts</h2>
<p>CoinShares attributes the main reason behind this exodus to the hesitations of crypto investors, doubts that have intensified in the context of a decline in the price of Bitcoin which underwent a significant correction last week, following its all-time-high (ATH).</p>
<p>Despite sporadic attempts to surpass its previous peak of $69,000, Bitcoin has struggled to maintain an upward momentum. This lasted until the start of Monday when it finally broke through this barrier.</p>
<p>In this context, Grayscale’s Bitcoin Trust (GBTC), among others, experienced particularly alarming fund outflows. Investors quickly shed their positions in the ETF, a sign of the aforementioned doubts.</p>
<p>In sum, last week’s tumultuous events in the crypto market have highlighted the fickle nature of investor sentiment. But above all, the volatility inherent to this market is evident.</p>

Enthusiasm for Bitcoin ETFs Wanes After Seven Weeks of Euphoria

목차

Cointribune EN

2024년 4월 9일에 게재된 다른 기사

Top Reasons Why XRP Price Might Recover

Fidelity’s FBTC Bitcoin ETF Skyrockets, Breaking 150,000 BTC in Just 3 Months

Milei Moneda’s launch promises big as Solana and Toncoin rise

Worldcoin to remove iris codes from World IDs upon user request

Fantom’s Andre Cronje shares ‘safer meme coin’ thesis

MicroStrategy Share Price Target Raised By Benchmark On Bitcoin Halving, BTC ETFs

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!