On Thursday, institutional investors continued to channel capital into US-listed spot Bitcoin ETFs, indicating sustained interest in cryptocurrency exposure among institutional investors.
The total net inflow of funds into all Bitcoin ETFs listed in the US was approximately $115 million, reflecting sustained bullish sentiment despite short-term market volatility.
Institutional appetite remains as Bitcoin ETFs attract $115 million
On Thursday, the net inflow into Bitcoin ETFs amounted to $114.96 million, which is 64% less than on Wednesday when it was $319.56 million. While this indicates sustained institutional interest in these funds, yesterday's figure marked a sharp decline compared to Wednesday, suggesting a temporary cooling of momentum. The BlackRock IBIT ETF once again topped the list, recording the largest net daily inflow among its peers. The fund recorded a daily net inflow of $409.72 million on Thursday, bringing its total historical net inflow to $45.42 billion.
Meanwhile, the ARK 21Shares Bitcoin ETF (ARKB) had the largest net outflow among all issuers on Thursday, with an outflow of $132.05 million. The total historical net inflow for ARKB remains at $2.57 billion at the time of writing.
Interest in Bitcoin futures is somewhat increasing
At the time of publication, the leading token is trading at $104,007, having recorded a price increase of 2% amid a broader market rally over the past day. During the review period, the open interest (OI) in token futures rose by a modest 1%, indicating a slight increase in leverage. Open interest refers to the total number of outstanding futures contracts that have not yet been settled. When OI rises alongside price increases, it indicates new capital entering the market and reinforcing the current trend.
With Bitcoin, the modest increase in its OI suggests that market participants remain somewhat cautious, while bullish momentum is building. The slight increase indicates limited confidence among traders, many of whom still adhere to a 'wait and see' approach.
Additionally, there is an increase in demand for put contracts in the options market for the token today. This indicates a rise in hedging activity and a continuation of bearish sentiment, signaling a lack of optimism among Bitcoin options traders.#BinanceSquare #Write2Earn #crypto #trading #Binance $ETH