I saw that Bitcoin ETF data was released last month, showing a continuous outflow for about five weeks, totaling approximately $3.8 billion. What’s interesting is that this outflow occurred during a period of trade policy uncertainty, which caused interest rates and the stock market to be volatile.



I think this is really important because Bitcoin ETF vs. Bitcoin are different; Bitcoin ETF is not the underlying asset of Bitcoin but just a trading vehicle for institutional investors. When money flows out of Bitcoin ETF, it means institutional investors are closing positions, which directly puts downward pressure on Bitcoin’s price.

But the good news is that since mid-last month, money has started flowing back in, about $875 million in one week. This could mean that institutions are returning to accumulate new Bitcoin ETF positions. The current Bitcoin price is around $77.8k, higher than during the outflow period. I see Bitcoin ETF vs. Bitcoin as a key signal to watch. If the inflow continues, it will indicate that the market is truly recovering.
BTC-0,35%
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