The Bitcoin ETF has been wildly bought again! But some are quietly withdrawing...
The US Bitcoin spot ETF has been performing remarkably well recently! It has been crazily bought for 9 consecutive days, with a whopping $384 million pouring in on just May 28. At this rate, it's hard for Bitcoin not to rise!
The most impressive is BlackRock's IBIT, which absorbed $409 million in a single day, undoubtedly the "top player" in the ETF world. Grayscale's GBTC also performed well, with a net inflow of $36 million, firmly sitting in second place. However, while some are happy, others are worried; Ark Invest's ARKB saw an outflow of $38.3 million, becoming the most unfortunate "noteworthy package" of the day.
The flow of ETF funds can be regarded as a "weather vane" in the crypto world. Nine consecutive days of net inflows indicate what? It shows that both institutions and retail investors are betting on Bitcoin's future with real money. After all, ETFs are low-threshold, highly liquid, and as convenient as buying stocks; who wouldn't love that?
However, ARKB's "lagging behind" also serves as a reminder: with so many ETF products available now, investors are becoming "picky". The level of management fees and tracking errors could become key factors influencing the flow of funds.
How long can this wave of "money-absorbing" by Bitcoin ETFs continue? Will ARKB's "bleeding" trigger a chain reaction? We shall see! But one thing is certain: as traditional financial giants accelerate their entry, Bitcoin, once a representative of the "grassroots", is gradually stepping onto the mainstream stage.
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