Spot Bitcoin ETFs Ingest $562M in Daily Inflows—Is This a Bullish Rebound or Just a Blip?
U.S. spot Bitcoin exchange-traded funds skilled a vital turnaround in investor flows on February 2, as virtually $562 million in web every day flows have been attracted after weeks of steep web outflows, in accordance with information compiled by SoSoValue.

The rebound was one of many largest single-day inflows because the starting of January and drove cumulative web inflows in all U.S. Bitcoin spot ETFs to 55.57 billion.
This influx has raised considerations about whether or not institutional demand is coming again or it’s simply short-term positioning in a weak market background.
After January Redemptions, Bitcoin ETF Flows Show Signs of Life
The influx restoration got here after a difficult interval of Bitcoin-linked funding merchandise.
During the final two weeks of January, spot ETFs have been hit with successive heavy redemptions, with web outflows of $817.87 million on January 29 and 509.70 million on January 30.

Those sell-offs have been accompanied by declining crypto costs, declining trade volumes, and a extra risk-off sentiment that additionally burdened equities.
Major stock indexes have been moving down since October, and the buying and selling in each standard and crypto markets has been very skinny with diminished publicity.
Despite Monday’s influx surge, complete web property held by the U.S. Bitcoin spot ETFs fell to $100.38 billion, down sharply from highs above $125 billion seen in mid-January.
The decline displays Bitcoin’s value drawdown quite than a collapse in ETF participation.
Trading exercise rebounded alongside inflows as the whole every day traded worth throughout spot Bitcoin ETFs reached $7.68 billion, up from subdued ranges earlier in the week, suggesting energetic repositioning quite than passive inflows.
Bitcoin ETF Demand Persists Through Market Pullback
BlackRock’s iShares Bitcoin Trust remained the dominant fund by dimension, holding $60.17 billion in web property.
IBIT recorded $141.99 million in every day inflows, equal to roughly 1,810 BTC, at the same time as its shares closed down almost 7% and traded at a slight low cost to web asset worth.

Fidelity’s FBTC led the day in inflows, attracting $153.35 million, or about 1,960 BTC. The fund’s cumulative inflows climbed to $11.43 billion, with complete web property of $15.18 billion.
Grayscale’s legacy Bitcoin Trust, GBTC, noticed no new inflows and remained burdened by cumulative web outflows of $25.70 billion.
Other issuers additionally posted constructive flows as Bitwise’s BITB added $96.5 million, ARK Invest and 21Shares’ ARKB introduced in $65.07 million, and VanEck’s HODL gained $24.34 million. Smaller funds largely reported flat exercise.
Modest Bitcoin Bounce Fails to Ease Bearish On-Chain Data
The rebound got here as Bitcoin costs stabilized modestly after weeks of declines. Bitcoin traded round $78,900, up roughly 2.5% on the day, whereas Ethereum rose about 3% to $2,314.

Even so, Bitcoin remained greater than 37% under its all-time high of $126,080 and down over 13% for the previous month.
On-chain information has added to the cautious tone, with a CryptoQuant analyst reporting that the share of Bitcoin provide held at a loss has risen to round 44%, a degree that traditionally appeared throughout early bear market phases quite than routine pullbacks.

Additional information confirmed Bitcoin buying and selling under the realized value of medium-term holders, a sample that in previous cycles aligned with prolonged intervals of consolidation and draw back danger.
Analysts at Galaxy Digital echoed these considerations, because the analysis lead, Alex Thorn, said Bitcoin might nonetheless take a look at decrease ranges close to $70,000 or even its realized value round $56,000 if catalysts stay scarce.
Thorn famous that Bitcoin has misplaced key moving-average assist and that accumulation by giant consumers seems restricted, at the same time as long-term holder promoting has slowed.
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Crypto trade shares have dropped almost 60% because the $19B October liquidation as