Analysis of cash flow into Bitcoin ETFs and its impact on the cryptocurrency market
Continuous growth of net inflows into Bitcoin ETFs
On June 17, according to North America time, data from SoSoValue shows that the total net capital inflow into Bitcoin ETFs reached 216 million USD, marking the 7th consecutive day of new money inflows. This growth reflects the increasing confidence among institutional investors in the cryptocurrency sector. Bitcoin ETFs are not just a portfolio diversification tool but also help investors access the cryptocurrency market more easily through legal and transparent channels.
The largest ETFs lead the inflows into the market
BlackRock IBIT dominates the majority of cash flow, with 639 million USD inflow, bringing the total accumulated net capital to over 50.672 billion USD. Meanwhile, Fidelity FBTC slightly decreased by 208 million USD, but the total accumulated capital still reached 11.393 billion USD. The total net asset value of current Bitcoin ETFs is 128.18 billion USD, accounting for about 6.18% of the total Bitcoin market value, with accumulated cash flow from the beginning still maintaining at 46.26 billion USD, reflecting strong interest from institutional investors.
The impact of ETF cash flow on the cryptocurrency market value
The continuous inflow of money into Bitcoin ETFs indicates an increase in market confidence from institutional investors in this investment channel. As the positive inflow is sustained, the price of Bitcoin is likely to rise sharply due to the competition among large funds. Additionally, the ETF holding ratio continues to expand, helping the market mitigate severe fluctuations, supporting stability and sustainable development of the global cryptocurrency ecosystem.
Source: https://tintucbitcoin.com/dong-tien-vao-bitcoin-etf-dat-24-trieu-usd-lien-tiep/
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