US -based Bitcoin ETFs (funds investing in the stock market) have had a negative capital output line in the last few weeks and reflects the decreasing appetite and worsening emotion among investors. However, the latest daily performances of these crypto -based financial products show that new demands may increase among investors.
Bitcoin ETFS close the positive week with a net entry of $ 83 million
Accordingly Latest market dataBitcoin ETFs in the United States, Friday, March 21, $ 83.09 million daily net entrance recorded. This new capital introduction marked the sixth day of the net daily entrance for crypto products.
On Friday, only two of the Bitcoin ETFs witnessed any investor activities. Blackrock saw the highest value ($ 104.99 million) added to the stock market investment fund Ishares Bitcoin Trust (with Ticket Ibit); Grayscale Bitcoin Trust (GBTC) released a net output of $ 21.9 million per day to close the week.
However, this 83.09 million dollar performance, Bitcoin ETFs’ weekly record -week -week net entry of $ 744.35 million dollars brought surprisingly. Interestingly, the record of this previous week ended five weeks of total net outputs from the funds investing in the stock market.
Source: SoSoValue
Data from the Sosovalue show that the US Bitcoin ETF market witnesses a total of $ 5.39 billion withdrawal at these five -week negative outlets. In particular, crypto -based financial products witnessed the total net output daily on February 25th.
The magnitude of the exits witnessed by Bitcoin ETFs has been associated with the uncertain climate of the US financial markets. Since Donald Trump, President of the United States, continued to the office, markets are a global trade war, interest decisions and so on.
Bitcoin Price Non -Reactive to ETF inputs
Since the launch, there has been a discussion about the impact of US Bitcoin ETFs on the price of the flagship crypto currency. As seen in the last consecutive net output weeks, the price of Bitcoin tends to fight as ETF investors leave the market.
However, the leading crypto currency seems to be stuck in the consolidation range despite the new demand for US Bitcoin ETFs. However, continuous demand for stock market investment funds may be a positive catalyst for the increase in the price of Bitcoin.
From this article, the price of the BTC wanders around a sign of $ 84,000 and reflects a significant change in the last 24 hours. According to Coingecko, the market leader did not record a significant move last week.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
The prominent picture from Shutterstock, TradingView Graphics
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