Bitcoin ETF investors are good in business despite the BTC course loss of 25%
- The most important Bitcoin ETF investors did not sell their stocks during the weak market.
- The BTC course has entered a distribution phase after the all-time high, with a possible trend reversal.
Bitcoin’s institutional investors have proven their confidence in the flagship of cryptocurrencies despite a decline of 25 % since January. Most of these investors still stick to their stock market-traded BTC funds (ETFs) and thus show their trust in the future of the coin. Whether this trend will continue depends on the mood of the investors and the condition of the economic landscape.
Bitcoin ETF investors hold the position
According to a report by Bloomberg, 95 % of investors continue to stick to the Bitcoin ETFs despite the strong market correction. James Seyffart, a senior ETF analyst near Bloomberg, said that the inflows to the BTC ETF market decreased from a maximum of $ 40 billion to $ 35 billion. This corresponds to more than 95 % of the investor money that is still invested in BTC ETFs, although the BTC has fallen strongly by 25 %.
The Wall Street heavyweights Goldman Sachs and Bny Mellon are among the largest investors in Bitcoin ETFs. According to a recently carried out study, üabout the we have reportedGoldman Sachs has increased its investments in Bitcoin ETFs to $ 2.3 billion. The interest of the institute in crypto assets showed an accelerated growth and added $ 710 million to the key figures of the last financial quarter.
Goldman Sachs’ investments include the Ishares Bitcoin Trust of Blackrock, the Wise Origin Bitcoin Fund from Fidelity and some others. In contrast, the BNY Mellon keeps 39,526 shares of the Bitcoin Strategy ETF prince’s ETF worth almost $ 900,000.
US spot bitcoin ETFs have attracted tributaries of almost $ 115 billion since their approval in January 2024. This data underline the resistance of investors and large actors on the Bitcoin ETF spot market.
In the meantime, the Bitcoin Spot ETFs have had increasing drains since mid-February, with drains of almost 5 billion USD since the highest level. After Declarations von Farside Investors The Bitcoin Spot ETFs recorded drainage of $ 135.2 million on March 13. The FBTC from Fidelity led the drains at $ 75.5 million, followed by the ARK Invest Ark Invest with $ 60.2 million.
Blackrock Ishares Bitcoin Trust (IBIT) was the outlier with net inflows of $ 45.7 million. Blackrock continues to trust Bitcoin’s long -term strategy and has His BTC ETFrecently In a model portfolio heavy in $ 150 billion integrated.
Sales pressure on Bitcoin stops
Bitcoin and the wider cryptom market have come under strong sales pressure in view of the macroeconomic uncertainty and the customs war of Trump. Bitcoin rose on Wednesday after the publication of the US VPI data and the cooling of inflation over the decisive resistance of $ 84,000. However, the coin failed to stay above the decisive level.
At the time of the creation of this article, Bitcoin has been in the last 24 hours a 1.56% At $ 82,867 fallen. The daily trade volume fell by 20.7 % to less than $ 29 billion.
At the same time, the data from Coinglass show a sudden increase in the overall liquidations. According to the data, the 24-hour liquidations rose to $ 75 million, of which $ 52 million in long positions.
The data analysis platform Glassnode said the current market situation that Bitcoin has entered a distribution phase after the all -time high. How In our last short report mentionedthis phase reflects a changed investor’s mood and increasing sales pressure.
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