Bitcoin ETF Net Outflows Lasted Only One Day, Regained Net Inflows of $250 Million Yesterday
According to data compiled by BitMEX Research, although the Bitcoin spot ETF saw a net outflow of $35 million and experienced a decline in price, dropping to the level of $50,000 on February 21, it resumed its net inflow on February 22, totaling $251 million. Overall, although it did not reach the level of $400-600 million inflow seen between February 7-16, it is still a considerable figure. IBIT and FBTC maintained a billion-dollar inflow, while GBTC saw an outflow of $55 million.
As of the deadline, Bitcoin did not show a significant recovery in response to this data, maintaining its level at $51,000. Some analysts believe that as long as the trading level remains below $52,000, a cautious attitude should be maintained, and it may even further decline to the level of $47-48,000.
BitMEX
ETF
Bitcoin
Further reading
Trading volume of nine Bitcoin ETFs reaches a historic high, BTC reaches $53,000, and ETH surpasses $3,000.
Gold ETF funds flowing into Bitcoin? Is BTC digital gold or a risky asset?
