There was a change noted in the exchange-traded funds after bitcoin news reported that spot bitcoin etf recorded back-to-back days of net inflows. According to data mentioned by Coin Bureau from SoSoValue, $145 million was injected into bitcoin spot exchange-traded funds on Monday. It marked the first two-day inflow streak in three weeks. This update comes after a period of mixed flows that have defined the recent dynamics.
Summary
This comes as Bitcoin, as well as Ethereum, continues to evolve in relation to their trading. Bitcoin ETF received major attention as a result of the increased inflows. However, the digital assets were moving in varied ways. Coin Bureau was also responsible for sharing the latest updates through their public post.
Bitcoin News Tracks ETF Inflows After Volatile Sessions
Bitcoin price recent news is seen through a clear data point from SoSoValue, a platform that tracks daily ETF flows for listed spot Bitcoin products. The platform shows that there were net inflows of $145 million experienced for that session, as prices confirmed a second day of gains.
It is clear that this streak had not happened for several weeks.
The inflows were preceded by sessions where there were either outflows and flat trading activity. The ETF flow data recorded such flows before the change. Market participants tend to look for movements as a gauge of the market. However, it is necessary to note that such activity reflects only flows and nothing else.
SoSoValue Data Shows Asset Levels and Market Context
Data from SoSoValue also reflected total net assets for Bitcoin spot ETFs at close to $90 billion at the time of writing. The chart accompanying the update included daily inflow and outflow bars, providing context about recent volatility. Bitcoin traded near the $70,000 level during the session, the same dataset indicated.
Coin Bureau’s reporting of Bitcoin news did not present the inflows as a reversal into a trend. In fact, the post was more about the fact that such inflows have happened consecutively. The manner of presentation of these facts focused on when and how large, not for how long. This is typical in the way ETF flow metrics are usually reported.
Bitcoin News Sources Highlight Public Market Signals
Coin Bureau made the announcement via their verified social media post, attributing the information to SoSoValue. The post indicated that the consecutive increases were recorded after three weeks, stating that the figure of $145 million represented the ‘daily net increase’ rather than the cumulative rise.
The information made headlines due to the timing of the inflows, and it should be noted that there are many headlines that can be expected out of public data on ETF flows, as this information has a reputation for making headlines when there is consolidation within the market. There are many different indicators of this that can be expected, as Bitcoin news headlines tend to look at metrics like this because they give insight into funds in a transparent way.
ETF Activity Adds Context to Bitcoin and Ethereum Markets
Even though the focus of the information was on Bitcoin ETFs, there was an overall active market for digital currencies. The price of Bitcoin and Ethereum was within their usual range during this session. There was an emphasis on the ETFs that track Bitcoin due to the confirmation of inflows, while there was minimal mention of Ethereum ETFs during this update.
For example, recent Bitcoin news also reports on movements with exchange-traded funds, which are being included in overall market updates. As can be seen, flow data is merely part of overall data that analysts monitor. The most recent data is merely an update on overall trends, which will be made clear over coming sessions.
