During the last few hours, prices in the broad cryptocurrency market continue on a predominantly bullish path. This contrasts with the situation that occurred last week, when the impact of the collapse of July 5 was still being felt. However, in the Bitcoin spot ETF market, the situation was particularly different.
Although there were massive sales in this particular market during the fall days, they did not take long to reverse. In that sense, throughout last week, while Bitcoin was on the canvas, institutional investors increased their purchases.
In a trend similar to that of large whales, Wall Street portfolios made large purchases in BTC ETFs. According to data from the Farside portal, during the week $1,047 million dollars in institutional flows entered these stock market instruments.
That trend seems to be consolidating this week, given that the returns appear enormous. On Monday, July 15, $300 million in positive flows were recorded into Bitcoin spot ETFs. Why did institutionals buy large amounts despite strong bearish pressure last week? Below we try to answer this question.
