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
A letter to myself in 2024: 15 insights for traders from mindset management to seizing opportunities
Don't be afraid to try those opportunities that may not seem obvious at first.
SEC commissioners say agency may move away from enforcement actions
“We have a big toolkit,” SEC Commissioner Hester Peirce said earlier this month
Scam Sniffer: ZachXBT has helped resolve a URL redirection attack targeting Pudgy Penguins users
BNB breaks through $710
Trending news
MoreCrypto prices
More
