Bitcoin ETF dem money don comot pass $1.22B as price drop reach four-month low
Bitcoin ETF money wey dem comot reach $1.22 billion last week, BlackRock IBIT lead am wit $268.6 million, Fidelity FBTC $67.2 million, and Grayscale GBTC $25 million. Heavy withdrawals waka run same time wit Bitcoin price wey drop over $10,000 to four-month low near $104,000, show how market dey shake and how institutional people dey change their mind. But Charles Schwab talk say their clients dey hold 20% of all US crypto ETP assets and dem see traffic for dem platform rise 90% compared to last year. Schwab dey offer Bitcoin ETFs and futures now, and dem plan make spot crypto trading start by 2026. Analysts talk say October historical bounce back join with possible Fed rate cut later this year fit make people interested again in Bitcoin and other risky assets.
Bearish
Di $1.22 billion wey don comot from Bitcoin ETFs as price sharply drop go four-month low mean say heavy selling pressure dey and institutional demand dey reduce for short term. Big redemptions by top funds (IBIT, FBTC, GBTC) dey increase volatility and signal say market dey bearish. Even though possible triggers like historical October bounce back and Fed rate cut fit cause medium-term recovery, current trend show say Bitcoin still get risk to fall till dem see clear sign say inflows don start again.