📈 On May 31th, U.S. spot Bitcoin ETFs saw +$50m net inflows | sterlingp2 on Binance Square

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📈 On May 31th, U.S. spot Bitcoin ETFs saw +$50m net inflows, marking the 14th consecutive day of positive flows.
...& +$172m net inflows on the week 🔥
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US spot bitcoin ETFs saw $211 million in outflows, extending streak of negative flows Spot bitcoin exchange-traded funds in the U.S. saw $211.15 million in net outflows on Thursday, recording their seventh consecutive day of negative flows. Fidelity’s FBTC saw the largest amount of outflows among spot bitcoin ETFs, with $149.49 million, according to data from SoSoValue. Bitwise’s BITB followed with $30 million in net outflows. Both Grayscale’s GBTC and mini trust recorded outflows on Thursday: GBTC saw $23.22 million, while the mini trust saw $8.45 million move out from the ETFs. There were no funds that recorded net inflows yesterday. The eight other funds, including BlackRock’s IBIT, logged zero flows for the day. The total daily trading volume for the 12 ETFs declined further to $1.35 billion, down from $1.41 billion on Wednesday. The spot bitcoin funds have amassed total net inflows of $17.06 billion since launching in January.#USNonFarmPayrollReport $BTC

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#GAL is moving in the bearish channel of a bullish flag pattern formed on the daily time frame. The price is approaching the ceiling of the channel. Now, the price is ready to break the pattern. In case of a successful breakout, we can expect an upward movement of at least 50%. For confirmation of bullish momentum, GAL needs to break above the pattern's upper boundary around $4.5. A successful breakout could lead GAL to retest $5.5 target strong resistance area.

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#BinanceLaunchpool By the way, maybe someone heard the “ETF PEPE” joke yesterday? Oh well, no big deal... Look at that meme panel again, in fact, PEPE alone has almost doubled, SVM memes are still standing And the bet on WIF, among other things, was on that parameter. Because PEPE has almost always been at parity with WIF, and now apparently something is broken Returning to these thoughts, we can come to the conclusion that SOL ETF is also quite probable, just some new paradigm has been formed To attract more interest, ETF's will be launched, yes, maybe even all the way up to DOGE. Because VanEck, who owns ETF's on BTC & ETH, have also made their memecoin index as well So such approves and quick approves should#altcoins not be surprised, because they will be politically motivated, even if it's even a little bit profitable 🐶l$PEPE $BTC #BinanceLaunchpool

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#Bitcoin❗ price decreased by more than 5% after reaching the resistance level of $72000-$74000 and the ceiling of the ascending channel at the same time as the news. The price moves in the ascending channel, and therefore, there is a possibility of further price reduction to the bottom of the channel. The main support level is still $57,500-$56,200.

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