Positive news returns from Bitcoin ETFs
The post Positive news returns from Bitcoin ETFs appeared on BitcoinEthereumNews.com. In the last four days, there have consistently been net inflows on Bitcoin ETFs. Instead, between July 21 and 23, there were three consecutive days of outflows, therefore a brief phase of decline ended, and another phase of growth began. The new growth phase of Bitcoin ETFs Between July 21 and 23, in a total of three days, more than 285 million dollars of outflows from Bitcoin ETFs were recorded. On July 24, however, in just one day, inflows of 226 million dollars were recorded, almost completely canceling out in a single day the outflows of the previous three days. It should be noted, however, that in the following days the inflows actually decreased, first moving to 130 and 157 million, and then yesterday dropping to 80 million. Therefore, the current growth phase does not yet seem solid enough to be able to surely last for a long time. It is not certain, for example, that it could already stop today. The fact is that the previous growth phase lasted weeks, with peaks of daily inflows even exceeding a billion dollars (1,000 million), and with a last day of inflows exceeding 360 million. In other words, these growth phases can also abruptly stop without any warning. The Ethereum ETFs The discussion is slightly different regarding Ethereum ETFs, if only for the different level of trading volumes and average daily inflows/outflows. In this case, the fact is that there was no slowdown last week. While over three consecutive days on Bitcoin there were a total of 285 million dollars in outflows, during the same days on Ethereum there were a total of more than 1.1 billion dollars in inflows. Instead, in the last four days, against 593 million dollars of total inflows on Bitcoin, there have even been 966 on Ethereum. …
The post Positive news returns from Bitcoin ETFs appeared on BitcoinEthereumNews.com.
In the last four days, there have consistently been net inflows on Bitcoin ETFs. Instead, between July 21 and 23, there were three consecutive days of outflows, therefore a brief phase of decline ended, and another phase of growth began. The new growth phase of Bitcoin ETFs Between July 21 and 23, in a total of three days, more than 285 million dollars of outflows from Bitcoin ETFs were recorded. On July 24, however, in just one day, inflows of 226 million dollars were recorded, almost completely canceling out in a single day the outflows of the previous three days. It should be noted, however, that in the following days the inflows actually decreased, first moving to 130 and 157 million, and then yesterday dropping to 80 million. Therefore, the current growth phase does not yet seem solid enough to be able to surely last for a long time. It is not certain, for example, that it could already stop today. The fact is that the previous growth phase lasted weeks, with peaks of daily inflows even exceeding a billion dollars (1,000 million), and with a last day of inflows exceeding 360 million. In other words, these growth phases can also abruptly stop without any warning. The Ethereum ETFs The discussion is slightly different regarding Ethereum ETFs, if only for the different level of trading volumes and average daily inflows/outflows. In this case, the fact is that there was no slowdown last week. While over three consecutive days on Bitcoin there were a total of 285 million dollars in outflows, during the same days on Ethereum there were a total of more than 1.1 billion dollars in inflows. Instead, in the last four days, against 593 million dollars of total inflows on Bitcoin, there have even been 966 on Ethereum. …
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