Trading Insight_News
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$BTC Spot Bitcoin ETFs Net Over $54 Million Inflows, BlackRock Continues To Sell Yesterday
The Spot Bitcoin ETF market closed the trading session on 05/12 with a total net inflow of $54.79 million.
🔸 Buying momentum was driven by alternative stars. Ark Invest and 21Shares ARKB fund led with $42.79 million inflows, followed by Fidelity FBTC with $27.29 million. This indicates that confidence among other institutions remains stable.
🔸 However, the lead whale BlackRock (IBIT) continued to be a drag, recording a net outflow of $32.49 million for the day, extending its recent net selling streak.
The divergence between BlackRock and the rest of the market paints a mixed picture. Is this shortterm restructuring or an early warning signal from the giant?
News is for reference, not investment advice. Please read carefully before making a decision.
The Spot Bitcoin ETF market closed the trading session on 05/12 with a total net inflow of $54.79 million.
🔸 Buying momentum was driven by alternative stars. Ark Invest and 21Shares ARKB fund led with $42.79 million inflows, followed by Fidelity FBTC with $27.29 million. This indicates that confidence among other institutions remains stable.
🔸 However, the lead whale BlackRock (IBIT) continued to be a drag, recording a net outflow of $32.49 million for the day, extending its recent net selling streak.
The divergence between BlackRock and the rest of the market paints a mixed picture. Is this shortterm restructuring or an early warning signal from the giant?
News is for reference, not investment advice. Please read carefully before making a decision.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.