From May 12 to 16, the inflow of funds into spot Bitcoin ETFs decreased by 35%, amounting to $603.74 million compared to $934 million the previous week, reports Happycoin.club. The main contribution to the inflow was provided by the IBIT fund from BlackRock ($841.7 million), while the Grayscale BTC and VanEck HODL funds attracted only $39.8 million and $7.3 million respectively. Such a decline may indicate a temporary market correction, although the activity of large investors ('whales') suggests potential for growth.
Historically, reductions in ETF inflows often precede price fluctuations $BTC , but limited profit-taking by whales gives hope for a bullish trend. In 2024, Bitcoin ETFs attracted a record $37 billion, which became a driver for the growth of the crypto market. However, volatility remains high, so investors should be cautious.
The crypto market continues to evolve, attracting institutional players, but requires careful monitoring. Keep an eye on the news and subscribe to #MiningUpdates to stay updated!
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