#BitcoinETF are dumping Bitcoin, which contributes to the ongoing pullback in the market. Previously, massive inflows into these ETFs boosted Bitcoin's price, but recently, these inflows have stopped. Over the last 1 to 2 weeks, there has even been a slight net outflow. This shift in ETF activity is one major reason for the current bearish price action.
Spot #BitcoinETFs saw Positive inflows with $11.54M ( 08-05-024 )
🔹 #Bitwise $BITB is the only ETF that purchased #Bitcoin Yesterday
🔹 $BITB Acquired 184.60 BTC, worth ~$11.50M
🔹 Total Net Assets $51.50 Billion in 🇺🇸 Spot ETFs
Total 🇺🇸 #BitcoinETF Overview:
🔰 1 ETFs = +ve Inflow
🔰 10 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Purchased 184.60 $BTC Yesterday.
🔹 #Bitwise $BITB is the only ETF that purchased #Bitcoin Yesterday
🔹 $BITB Acquired 184.60 BTC, worth ~$11.50M
🔹 Total Net Assets $51.50 Billion in 🇺🇸 Spot ETFs
Total 🇺🇸 #BitcoinETF Overview:
🔰 1 ETFs = +ve Inflow
🔰 10 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Purchased 184.60 $BTC Yesterday.