After continuous net outflows last week, ETF institutions began to see net inflows this week. There was a net inflow of 231 coins on the 25th. Yesterday, the net inflow increased to 5,562 coins. The data gradually returned to normal.
The BTC spot ETF data in the past 24 hours is still positive inflows, and even the selling pressure on GBTC exceeded the previous trading day.
However, the net inflow of ETFs still exceeded the previous trading day. The hero this time is still Fidelity. In the past 24 hours, Fidelity has increased its holdings of more than 4,000 BTC, and a total of nearly 7,700 BTC has been increased in the two days of the week. BTC.
Although this data is not Fidelity's best historical record, it is still quite good.
In particular, Fidelity's net holdings exceeded BlackRock for two consecutive days. Currently, Fidelity's BTC holdings exceed 143,000, accounting for 17.31% of the overall ETF holdings. Although BlackRock's net holdings have been net holdings for two consecutive days. Lower than Fidelity, but the increase is still increasing.
The Federal Reserve also announced that it expected to cut interest rates three times this year, which appropriately eased market anxiety. Regarding this issue, I prefer to add one or two times to the three times. Only at that moment will the Federal Reserve lawmakers find that the market is still optimistically overvalued.
In addition, the SEC is still relentlessly suing Coinbase, but BlackRock co-founder and CEO Larry Fink said in an interview with Fox Business that even if the US Securities and Exchange Commission designates Ethereum as a security, its spot ETF is still possible If approved, this will increase regulatory scrutiny surrounding ETH, and an ETH ETF is expected to continue until it is approved.
The number of Bitcoin options delivered this Friday will be unusually large, reaching $15 billion. In the past, it was only two to three billion. This may be the reason why some big whales choose to avoid risks at this time and the fluctuations in the past two days.
After all, the delivery of the largest options in the world will bring about a huge amount of margin release, and this kind of risk is generally taken seriously by institutions.
Then the exchange rate of ETH against BTC still did not rebound, but there is a good thing about ETH, that is, the CFTC reiterated in the lawsuit against kucoin that Ethereum, Bitcoin, and Litecoin are commodities. This is the identity attribute that ETH needs at present, and for the future Whether the ETF can pass is crucial.
