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The performance of Bitcoin ETFs on traditional exchanges is excellent.  However, there is a negative signal, even if paradoxically it could even be interpreted as a positive signal.  The issue seems complex, but it is not at all. However, it is necessary to clearly distinguish between the two things.  The trend of Bitcoin ETFs  The spot Bitcoin ETFs landed on the U.S. exchanges on January 11th of this year.  In the first two weeks, they actually recorded overall net outflows, but only because Grayscale had BTC in cash for years to liquidate. The Grayscale Bitcoin Fund was created a decade ago, but not as an ETF. It was transformed into an ETF only in January, and only since then has it been able to liquidate the excess BTC. However, starting from the end of January, the ETFs on Bitcoin began to record overall net inflows, up to the peak in March, when BTC recorded its new all-time high price. Since then, a long period of descending lateralization began, concluding at the beginning of September.  At that point, the course reversed, and they began to record continuous overall net inflows.  Just to say that on September 8th they all together held just over a million BTC, while now they have reached about 1,200.  The negative signal However, this trend has not been linear. Even from September 9 to today, there have been some brief trend reversals, such as the one at the beginning of October, when outflows were recorded for four consecutive days.  The recent trend is mirroring that of the past months.  From the stock market session of October 28 to that of October 31, all days recorded overall net inflows.  Then, however, before the USA presidential elections, they recorded three days of outflows, including the election day (November 5th). …

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Filed under: News - @ November 15, 2024 4:28 pm