Yesterday, the US Bitcoin spot ETF had a total net inflow of 85 million US dollars.
Among them, BlackRock IBIT had a net inflow of 103 million US dollars, and Grayscale GBTC had a net outflow of 22.5 million US dollars.
As of now, BlackRock has a cumulative holding of 323,800 BTC, Fidelity has a cumulative holding of 178,500 BTC, and Grayscale's GBTC holdings have fallen below 273,000. BTC's ETF has a net inflow for 10 consecutive days, with a cumulative amount of more than 2 billion US dollars!
The buying and selling of ETFs has a lot to do with the fundamentals, the US stock market, the rise and fall of BTC, and market sentiment.
The US election has a great impact on the buying and selling of ETFs. At present, if Biden withdraws from the election and Harris faces Trump directly, then this will leave uncertainty for the results of the election. This is also one of the important reasons why the enthusiasm for ETF buying in the past two days is not very high. After all, the Democratic Party has always been opposed to cryptocurrencies.
The buying and selling of ETFs has become a weathervane for the current market situation. In addition to ETFs and market institutions, retail investors around the world are not very enthusiastic about BTC. In the currency circle, BTC is a defensive and guaranteed asset.
Defensive assets refer to assets that can provide relatively stable returns or protect capital during economic downturns or market fluctuations. For the previous risk market, stocks of companies such as utilities, daily consumer goods and healthcare are considered defensive assets, because these industries are necessities regardless of the economy, but the emergence of Ai broke this rule.
For example, in a bear market, everyone knows that buying BTC is the safest, with the least drop and the best acceptance. But when the bull market comes, who will buy BTC, isn't it because BTC has limited growth?
It will rise to $300,000 per coin, which is less than 5 times, while ALT and Meme, everyone expects ten times, a hundred times, and a thousand times to bottom out, and this is the reason for US stocks.
As the market picks up, I am going to ambush a potential coin with explosive growth in the near future.
I am also going to ambush some potential coins until the end of the year.
It is expected that the space will be 5-10 times, which is no problem.
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Follow my pace if you like spot or contract.
