[ETF inflows hit a new high, the market is about to reverse]🚀

In the past week, most people were washed out of fear, and an important data shows that institutions are frantically accumulating chips. A few days ago, I suggested to build spot positions to accumulate high-quality chips. Have you done it?

Against the backdrop of the German government's massive sell-off, Bitcoin ETFs in Hong Kong and Australia have seen a large inflow of funds, setting a new high. Globally, the Bitcoin ETF market has accumulated 1.05 million BTC!

As of July 13, Hong Kong's Bitcoin ETF holdings have increased to 4,941 BTC, an increase of 28.6% from June 21, reflecting investors' renewed confidence in Bitcoin. Previously, these ETFs had fallen below 3,700 BTC in May due to capital outflows.

In Australia, the Monochrome Bitcoin ETF (IBTC) has attracted 83 BTC since its launch, bringing its total holdings to nearly 100 BTC. DigitalX also plans to launch another Bitcoin ETF following its recent approval.

This week, U.S. Bitcoin ETFs saw inflows of more than $1.1 billion, the highest weekly inflow since May. According to HODL15Capital, these ETFs now hold a record 888,607 Bitcoins.

On July 12 alone, U.S. Bitcoin ETFs added $311 million, with BlackRock’s IBIT adding $121 million and Fidelity’s FBTC adding $115 million. BlackRock’s ETFs added a total of $523 million in the week, while Fidelity’s FBTC added $356 million. BlackRock’s IBIT currently has more than $18 billion in assets under management, while Fidelity’s FBTC is approaching $10 billion.

Note that the net inflow of Bitcoin ETF has continued for 5 days! When the market crashed, institutions and whales were increasing their positions. Have you been washed out? $BTC #BTC走势预测