After seven days of outflows, inflows finally appeared from June 25 spot Bitcoin ETFs.
Modest, only +$31 million.#Farsideanalysts give details - the situation was brought to a head, first of all, by the purchases of the investment giant #Fidelity. And #Grayscale’s sales are not as large as they could be. Plus, besides them, in principle, only#ArkInvestsold. Unlike previous days with massive sales from issuers.
Many, including #BlackRock, have 0 again. Moreover, this is the third working day for BlackRock with 0 in a row. And the fifth since June 17. But they are holding on to their 305,612 BTC worth $18.936 billion.
The likelihood of a full transition to shopping is still illusory. But it's worth following the trend. Yesterday, in a review of Bitcoin ETFs, they wrote that on June 24, American issuers of Bitcoin ETFs were selling when they fell, while all Hong Kong issuers were buying.
By the way, #SpotOnСhain analysts, having studied the data of 30-day dynamics of flows into spot Bitcoin ETFs, concluded that Wall Street players in the#BTCstory are making a classic mistake, buying at highs and selling at lows 😁
