US -based Bitcoin boxes (Funds circulating for exchangeThey continued their warm line from positive flows last week. These coding financial products have recorded more than $ 600 million in net capital flow over the past five days, reflecting the constant optimistic feeling between investors in the United States.
While the circulating BTC Exchange boxes began a horrific start in the second quarter of the year, it seems that Crypto’s investment products have completely transformed things over the past few weeks. The latest weekly performance of Bitcoin ETFS is the fifth consecutive week to record positive capital flow.
Bitcoin’s investment funds recorded $ 260 million in one day
According to the latest data from SocalThe immediate Bitcoin ETF market in the United States witnessed a total flow of $ 260.27 million on Friday, May 16. This last round of capital flow is the third consecutive day of positive flows of encryption products after seeing large withdrawals on Tuesday, May 13.
Market data shows that any of Bitcoin’s investment funds recorded an external flow on Friday, where ISHares Bitco TRUST receives from Blackrock (with Ibit) the most important part of the capital flow. The largest BTC trading box recorded approximately $ 130 million at an additional value to end the week.
Fidelity Wise Origin Bitco Fund (FBTC) published the second largest flow on Friday, at a value of $ 67.95 million. ARK & 21shares’ bitcoin etf (ARKB) also recorded a clear daily flow of $ 57.98 million a day. Finally, Bitco Mini Trust (BTC) GrayScale also recorded a total daily flow of $ 4.61 million to Close the trading week.
Source: SoSoValue
Also, this net capital flow of $ 260 million on Friday brought the Bitcoin ETFS record in the United States to a total positive flow of more than $ 603 million. It is worth noting that this positive weekly performance represents the fifth consecutive week of the capital flow of the financial products associated with the encryption.
However, it should be noted that the total weekly flow appears in a declining direction, as the summit was recorded in mid -April when the investment funds traded in Bitcoin recorded the second best weekly performance. According to data from Sosovalue, BTC Travers TrackDer Fund It recorded more than $ 3 billion in the total weekly flow between April 20 and April 25.
The Bitcoin ETF market in the United States has last one billion dollars in the last week of April, where it recorded about $ 1.8 billion in the cumulative weekly flow. With the constant decrease in the flow of capital, fatigue may appear to be crawling among ETF investors in the United States.
Bitcoin price at a glance
As we saw with Al -Somali work At the peak of the last ETF activity, the BTC price continues to interact with the performance of the US -based investment funds in Bitcoin. Consequently, investors may want to deal with the market with caution, especially given the low ETF capital flows.
From writing these lines, the BTC price is about 103,362 dollars, which reflects any significant movement during the past 24 hours. This one -day procedure emphasizes the coded currency conflicts in the scope of unification last week.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Distinctive image from Istock, tradingvief chart
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