Good news coming? Grayscale spot ETF's first net inflow, what does it mean?
According to the news, Grayscale Bitcoin ETF achieved its first inflow last Friday! This is also the first time Grayscale has purchased Bitcoin since the premium ended three years ago, which is an important milestone!
At present, the trend of Bitcoin is the main driving force for the flow of funds in spot ETFs. Last Wednesday, Bitcoin fell below $60,000, and the spot ETF had a net outflow. On Friday, the price of Bitcoin suddenly soared, and the ETF also began to have a net inflow. This phenomenon seems to indicate a certain connection between Bitcoin and spot ETFs.
What does this mean for the future market?
I think institutional funds have really begun to be deployed on a large scale. Combined with the macro data of the United States last Friday, the employment rate has declined and the economy has weakened. The future interest rate cut is a foregone conclusion. If it is fast, it will be in July, and at the latest in September, so now is the right time to deploy.
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