The spot Bitcoin ETFs in the USA are recording outflows of 1.3 billion dollars in the last two weeks. The reason could be attributed to the market decline, with the price of BTC dropping to the current 60,000$.
Summary
ETF su Bitcoin: registrati deflussi da 1,3 miliardi di dollari nelle ultime due settimane
According to the data from Farside Investors, it seems that in the last two weeks, the total outflow recorded by the spot Bitcoin ETFs in the USA has reached 1.3 billion dollars.
At the top is Grayscale with its GBTC which has recorded a total drop of 517.3 million dollars, still in the last two weeks.
Looking at today’s data, then, Farside Investors reports with provisional data that the total outflow is 174.5 million dollars, with Grayscale continuing to be first in the ranking for outflows with 90.4 million dollars.
“Bitcoin ETF flow (millions of dollars) – 2024-06-24: TOTAL NET FLOW: -174.5
(Provisional data). IBIT: 0; FBTC: -35.2; BITB: -8.2; ARKB: -7.2; BTCO: -2.4; EZBC: -20.9; BRRR: 0; HODL: -10.2; BTCW: 0; GBTC: -90.4; DEFI: 0.“
Except for the ETF su Bitcoin spot in the USA which are at zero, all the others that have recorded movements are all negative, that is, outflows.
ETF su Bitcoin: registrati continui deflussi mentre il prezzo di BTC è sceso fino a 60.000$
As anticipated, the main motivation behind this strong wave of outflows for the spot Bitcoin ETFs in the USA, is the drop in the price of BTC.
In fact, at the time of writing, BTC is worth $60,699, in a dump of -7.6% over the last seven days and -12% compared to 30 days ago.
The leader delle crypto sembra stia attraversando un periodo di bearish, anche se continuano a farsi sentire i suoi sostenitori.
Recently, in fact, the co-founder of MicroStrategy, Michael Saylor, talked about how Bitcoin offers “economic immortality” and launched his future prediction that the price of BTC will reach 10 million dollars.
As of today, the American business intelligence company, MicroStrategy is a holder of 214,400 BTC.
Looking at Japan, recently the news arrived that Metaplanet, an investment consulting company, announced its intention to launch a bond offering to raise funds to buy another 6 million dollars in Bitcoin (BTC).
The wonder of Goldman Sachs
Another important player in the global market is Goldman Sachs, which at the end of May, had released its opinions on spot Bitcoin ETFs, expressing wonder at its success.
The head of assets at Goldman Sachs, Mathew McDermott, stated that after the approval by the SEC, Bitcoin ETFs have marked an important psychological turning point for the entire sector.
From here, even the trend of the Wall Street giant seems to have changed, shifting from skepticism to a strong general acceptance.
