#Ekonomi

7-day streak of inflows in Bitcoin ETFs: Are macro conditions improving?

The spot Bitcoin ETFs trading in the United States recorded net inflows for seven consecutive days following weeks of outflows, marking the longest streak since January 24th. Fidelity’s FBTC led the way with a total capital inflow of $860.6 million. Following intensive outflows in February and early March, Bitcoin spot ETFs listed in the US registered net inflows for seven straight days. With the inflows seen on Monday, this streak became the longest uninterrupted inflow period since January 24th. BTC Markets Crypto Analyst Rachael Lucas pointed out that this trend indicates a significant shift in market sentiment, stating, “This is a strong signal. Institutional investors are supporting Bitcoin in a way we haven’t seen recently.” According to SoSoValue data, a total of $84.17 million in net inflows were recorded for Bitcoin ETFs on Monday. Fidelity’s FBTC received the highest inflow of $82.85 million, while Bitwise’s BITB had a net inflow of $19.23 million. BlackRock’s IBIT reported an $18 million inflow, and VanEck’s HODL fund saw a $5 million inflow. However, the ARKB fund managed jointly by Ark Invest and 21Shares experienced outflows the same day, leading to a $41 million decrease. The seven-day streak of inflows attracted a total of $860.6 million in net capital. As a result, the total net inflow since the launch of spot Bitcoin ETFs has reached $36.13 billion. Macroeconomic Factors and Regulatory Developments Influence Lucas highlighted the positive inflows in Bitcoin ETFs are interconnected with changes in macroeconomic conditions. According to the analyst, expectations that the Federal Reserve (Fed) will transition from quantitative tightening to a looser monetary policy are among the primary factors directing investors towards Bitcoin. Lucas said, “Uncertainties surrounding the Fed’s interest rate policies are gradually diminishing. Trump’s statements advocating interest rate cuts and the SEC’s recent more flexible stance are creating a positive atmosphere in the market. XRP’s legal victory may have also alleviated regulatory uncertainties to some extent.” Lucas noted that some optimism is emerging in the market, but it is still too early to label it as a lasting trend. Bitcoin briefly exceeded the $88,000 level due to these developments but later retreated to around $86,590. Lucas stated, “The market is heating up, but it is premature to view the seven-day streak of inflows as a lasting uptrend. There is a spark right now, but it is not yet possible to say that a fire is fully lit.” Global Liquidity Increase creates a Positive Environment for Bitcoin Brickken Market Analyst Enmanuel Cardozo stated that the inflows into Bitcoin ETFs are directly linked to the increase in global liquidity. Cardozo mentioned that the approximately 8% increase in global liquidity this year is providing a supportive environment for Bitcoin. He said, “From a macro perspective, we see that Bitcoin is increasingly establishing itself in investor portfolios and has become a mature asset class. This explains the strong net inflows into ETFs.” Ether ETFs Lagging Behind Despite the growing interest in Bitcoin ETFs, spot Ether ETFs have not demonstrated the same performance. Ether ETFs, which did not record any inflows on Monday, have been in a negative flow trend for the past 13 days. During this period ending on Friday, a total outflow of over $400 million occurred from the funds. Lucas noted that this situation indicates an unstable confidence environment across the market. She emphasized the importance of investors evaluating from a broader perspective instead of focusing solely on winning assets.

7-day streak of inflows in Bitcoin ETFs: Are macro conditions improving?

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