Bitcoin

Bitcoin ETF

BlackRock

CoinFactiva analysts report a downturn in spot ETF investments, with a negative inflow of -$218 million observed yesterday, surpassing the previous week&#39;s outflow by $14 million. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2c3f6cc91f9d456da8e362e3d1ad76ab.png" />Notably, Fidelity and Valkyrie funds recorded outflows for the first time, while BlackRock remained stagnant for the second consecutive day. This trend poses a significant correction risk as spot ETFs emerged as a primary force in Bitcoin investment in 2024. Additionally, alongside China&#39;s capital outflows impacting cryptocurrency growth, weak preliminary US GDP data for Q1 adds complexity. <img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/565334086efb419db1c7d0a3fbbb7712.png" />Fed Chairman Jerome Powell&#39;s recent criticism of the government highlights concerns about unsustainable debt growth outpacing the economy. This fiscal imbalance, exemplified by a projected deficit exceeding $2 trillion, undermines the US dollar&#39;s stability. In contrast, Bitcoin&#39;s finite supply and resilience against governmental control make it an attractive hedge.Story continues: <a href="https://coinfactiva.com/coinfactiva-analysts-spot-etfs-experience-investment-outflows/" rel="noopener noreferrer nofollow">https://coinfactiva.com/coinfactiva-analysts-spot-etfs-experience-investment-outflows</a>#CoinFactiva #Bitcoin #BitcoinETFs

Spot ETFs Face Downturn: CoinFactiva Analysts Sound Alarm Amidst Record Outflows

coinfactiva.com

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