Bitcoin Spot ETFs Don See $115M Comot Out, Dem Finish Five-Day Inflow
Bitcoin spot ETFs don record net outflow of about $115M on July 31, wey end di five-day inflow run. ARK Invest’s ARKB carry di lead for withdrawals with $89.9M, while Fidelity’s FBTC also get heavy outflows. On di inflow side, BlackRock’s IBIT attract $18.6M and Franklin’s EZBC add $6.8M. Total AUM for Bitcoin spot ETF offerings now reach $152B, with cumulative net inflows hit $55B since dem launch am. Dis reversal show say people dey take profit plus macro uncertainty, dey show di wahala for institutional demand. Traders suppose dey watch ETF net flows well well as sign for liquidity and possible BTC price movement. Di main things to dey watch na macroeconomic trends, regulatory developments, and new product launches. Short-term dips fit be good time to buy if you dey believe Bitcoin for long term.
Neutral
$115M wey dem pull comot na show say people dey take profit and dem no sure for top macro matter, e dey put small small pressure wey fit make BTC price go down for short time. But if you check am wella wit $152B wey dey manage plus strong inflow trend, dis change no too big. Demand from institutions still strong, plus say dem still dey come wit new ETF things and macro factor go still show how future flow go be. Traders fit see small fall like chance to buy, so the whole market impact go still balance.