Bitcoin News
By MikeT
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Bitcoin exchange-traded funds (ETFs) saw a modest net inflow of $15 million last week, signaling a slight recovery after the previous week’s sharp outflows of over $713 million.
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Between April 14 and April 17, institutional investors contributed to Bitcoin spot ETFs, bringing the net inflows into these products to $15.85 million.
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A significant factor contributing to the cautious sentiment is the escalating global trade tensions, which have introduced new risks to financial markets.
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Despite the rise in Bitcoin’s price, there are signs that traders are not fully embracing the rally.
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Additionally, the options market is reflecting bearish sentiment, with a higher demand for put options.
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However, Bitcoin’s positive funding rate of 0.0052% offers some hope for bullish sentiment. A positive funding rate means that long traders are paying shorts, which indicates…
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In conclusion, while Bitcoin’s ETFs have experienced a modest rebound, the inflows remain significantly lower than earlier in the year, pointing to caution among investors.
The Currency Analytics
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