Bitcoin Bitcoin's negotiated Bitcoin funds in the American cashier display a strong dynamic, attracting $ 2.3 billion in investments during the past week. After a series of entries over five days, from September 8 to 12, the ETF backed by the BTC recorded their best weekly performance in the last three months.
In short
- The American Bitcoin ETF recorded $ 2.3 billion in entries last week, their best performance for three months.
- Blackrock, Fidelity and Ark Invest led the rise, alone attracting more than $ 2 billion to their Bitcoin ETF.
- Investors are betting on Fed rate reductions, which feeds optimism and strengthens institutional demand.
- The BTC is exchanged around $ 115,300, up 90 % over a year, supported by a marked upward trend.
Record entries led by BlackRock, Fidelity and Ark Invest
Farside's data show that the Ishares Bitcoin Trust of Blackrock dominated the ranking with more than a billion dollars in entries. The Wise Origin Bitcoin Fund of Fidelity follows with nearly $ 850 million, while ARK INVEST A recorded approximately 181.7 million. Other issuers, including Bitwise, also display positive results.
The daily graphic of flows of past week illustrates a sustained demand: $ 364 million on Monday, only 23 million Tuesday, then a jump of 742 million on Wednesday. The last two days have recorded marked outings: 553 million Thursday and 642 million on Friday.
The flows of Bitcoin ETFs reflect a renewed optimism linked to the expectations of lower rates
The trader of derivative products and founder of the Tymio decentralized protocol, Georgii Verbitskii, believes that these flows reflect “a strategic and significant impulse” of demand.
He underlines that September and October generally mark the start of the most active season on the markets, a period which often fixes the trend for the rest of the year. According to him, it is likely that these movements announce a new bullish phase, with additional growth potential in the last quarter.
For his part, Wesley Crook, CEO of the engineering company Blockchain FP Block, puts perspective: if the flows have returned to their levels of mid-July, “this figure” is not enough to cause a major structural change.
Crook believes that these investments are mainly motivated by the anticipation of rate drops and by the growing involvement of institutional investors. According to him, this dynamic should continue and continue to support the price of Bitcoin.
In addition, increased flows to ETFs occur in a context of reinforced confidence in an upcoming drop in guiding rates of the American federal reserve. The tool CME Fedwatch even estimates the probability of a reduction of a quarter of a point From September.
Market optimism supports the increase in BTC
Bitcoin benefits from this favorable environment. After a moderate recovery last week, he was exchanged just below $ 115,300 at the time of the editorial staff.
Key trends to remember:
- The market feeling remains clearly bullish, carried by solid macroeconomic factors.
- The BTC has won 90 % in one year.
- He outperformed 93 % of the 100 main cryptocurrencies.
- It evolves above its simple mobile average at 200 days.
- Over the past 30 days, he posted 15 increase sessions (50 % of positive days).
For Farbod Sadeghian, founder of Theblock, the recent wave of investments in the BTC ETF is explained by a “structural demand”.
The main factor is that investors, especially institutional, now consider Bitcoin as an asset to hold in the long term. ETF facilitates and secures access, but appetite relates above all to direct exposure to assets.
Farbod Sadeghian
However, he specifies that if expectations of lower rate traditionally support appetite for risky assets, these contexts can be temporary. Despite this, he anticipates stabilization and a continuation of incoming flows towards Bitcoin ETF, in an environment marked by the progressive integration of these products in institutional wallets.
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