Bitcoin ETF demand turns negative after BTC halving
he 11 spot bitcoin ETFs approved by US regulators in January managed to attract a total of more than $13 billion in fund inflows in the months following their launch, a feat that took gold ETFs several years to achieve. However, demand for the product appears to be slowing down after several weeks of net inflows into the bitcoin ETF. By the third week of April, ETF demand had slowed to consecutive days of net outflows. Following the halving of BTC block rewards, ETF inflows have turned negative.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analytics Company Announces Critical Level Required for Bitcoin Price to “Jump to $142,000 or $233,000”
ARK Invest CEO Cathie Wood Shares New Predictions for Bitcoin Price After Record Highs
Famous investor Cathie Wood talked about new records in Bitcoin prices in her live interview.
Famous Analyst Made a Crazy Prediction for Cardano (ADA) Price: Sets a Date
Cryptocurrency analyst Ali Martinez made an unbelievable prediction for the Cardano (ADA) price in his statement.
Unbelievable Cryptocurrency Scam in Ankara! One Person's 38 Million TL Vanished!
According to AA, a businessman in Ankara was defrauded of 38 million liras with spyware by fraudsters who introduced themselves as cryptocurrency exchange officials.