{"id":601743,"date":"2024-04-06T12:30:42","date_gmt":"2024-04-06T12:30:42","guid":{"rendered":"https:\/\/uniquehot.com\/?p=601743"},"modified":"2024-04-06T10:23:42","modified_gmt":"2024-04-06T10:23:42","slug":"bitcoin-dips-but-dont-panic-etfs-see-three-days-of-bullish-inflow","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-dips-but-dont-panic-etfs-see-three-days-of-bullish-inflow\/","title":{"rendered":"Bitcoin Dips, But Don’t Panic: ETFs See Three Days Of Bullish Inflow"},"content":{"rendered":"
The recent approval of Bitcoin exchange-traded funds (ETFs) by the SEC sent jitters through the financial world.\u00a0Initial concerns about fading demand seem unfounded as Bitcoin ETFs continue to shatter trading volume records. This is further bolstered by three consecutive sessions of net inflows into these investment vehicles.<\/p>\n
A recent dip in ETF activity sparked fears that the initial excitement might be short-lived. However, those fears have been quelled by a resurgence in inflows.<\/p>\n
According to data from SoSoValue, yesterday saw a net inflow of $203 million into Bitcoin spot ETFs, marking the third straight day of positive inflow.<\/a><\/p>\n <\/p>\n This sustained green streak suggests that investors remain interested in gaining exposure to the top crypto through ETFs, potentially anticipating a price surge due to the upcoming Bitcoin halving \u2013 a pre-programmed code update that cuts production in half, historically leading to price increases.<\/p>\n BlackRock, the world’s largest asset manager, has emerged as a frontrunner in the crypto ETF space. Their iShares Bitcoin Trust (IBIT) recorded the highest net inflow on a single day, exceeding $144 million.<\/p>\n <\/p>\n This impressive figure has pushed IBIT’s total net inflow over the past two weeks to over $14 billion. BlackRock’s commitment to Bitcoin ETFs is further underscored by their recent decision to include prominent Wall Street institutions like Goldman Sachs, Citigroup, Citadel Securities, and UBS as Authorized Participants (APs) in their spot Bitcoin ETF prospectus.<\/p>\n These additions position these banking giants as first-time participants in the ETF market, joining established players like JPMorgan and Jane Street.<\/p>\n The inclusion of such heavyweights is seen as a significant vote of confidence in the future of Bitcoin ETFs and a potential catalyst for further mainstream adoption.<\/p>\n While the recent surge in demand paints a bullish picture for Bitcoin ETFs, experts warn that volatility may be lurking on the horizon. CryptoQuant, a cryptocurrency analysis platform, points to signals in the futures market that suggest potential price swings in the near future.<\/p>\nBlackRock’s Bitcoin ETF Leads The Pack<\/strong><\/h2>\n
BTC market cap currently at $1.3 trillion. Chart: TradingView.com<\/a><\/pre>\n
Volatility On The Horizon For ETFs<\/strong><\/h3>\n