I mentioned earlier when I talked about ETH that the data for BTC would be better. Indeed, in the last trading day, the net inflow of 5,249 BTC was totaled in the 12 US ETFs, which is the highest single-day net inflow data since July 22. So the rise of#BTCand#ETHis not accidental.
Although the data of spot ETFs cannot represent price fluctuations, the data of ETFs reflect the sentiment of American investors. Investors' sentiment was very low some time ago, so purchasing power has been very low. Now, after the first interest rate cut, it can be clearly seen that investors' risk appetite has begun to increase.
In yesterday's BTC spot ETF data, only three institutions had zero changes, only Grayscale reduced its holdings, and it only reduced its holdings by 9 BTC. The other institutions all increased their holdings. BlackRock, Fidelity and ARK increased their holdings by more than 1,000 BTC respectively. It remains to be seen how long this sentiment can last.
The data has been updated, address: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing
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