NEWSLETTER
bitcoin ETF with headquarters in the USA. Due to the current trade war, US investors seem to be moving away from risk assets such as digital assets and cryptography -based financial products.
Spot bitcoin ETFS extends the seven -day negative output streak
According to the latest market data, the bitcoin Spot ETFs were witnesses of significant $ 713 million in total net departure during the past week. This negative streak of capital outputs suggests a worsening of the weather and the decrease in appetite by the products quoted in cryptographic exchange between the investors of the United States.
<a target="_blank" href="https://sosovalue.com/assets/etf/us-btc-spot” target=”_blank” rel=”noopener nofollow”>Sosovalue data It shows that the Spot bitcoin negotiation based in the United States registered a total daily output of $ 1.03 million on Friday, April 11. This round of retreats represented the seventh consecutive net of net departure for cryptographic financial products.
Interestingly, most bitcoin Spot ETF, including the Blackrock Ibit (the largest btc exchange bottom of net assets), recorded zero Netflow to close the week. ARK 21SHARES bitcoin ETF (with the Arkb Ticker) and Bitwise bitcoin ETF (with the Bitb Ticker) were the only funds that witnessed any activity on Friday.
Ark 21Shares bitcoin ETF saw a total entrance of $ 11.28 million on Friday, ending its six -day capital drought. The Bitwise btc stock quoted fund, on the other hand, recorded a total withdrawal of $ 12.31 million to close the last negotiation week.
Source: SoSoValue
As mentioned above, this last round of capital withdrawals stretched the negative streak of the United States ETFs seven consecutive days of cumulative exits. In addition, this one -day performance brought the weekly record of the products quoted in the stock market to a disappointing $ 713 million in total net exit.
The recent unfortunate performance of bitcoin Spot ETFs can be associated with the growing uncertainty in global financial markets, as the United States and China are involved in a commercial war. This instability seems to be affecting other cryptographic products based in the United States, including ETF Spot Ether.
According to Sosovalue data, the funds quoted in ethereum Spot experienced a total net exit of $ 29,1981 million on Friday. This negative capital flow represented the fourth consecutive day of net exits of cryptographic products.
bitcoin price at a glance
Similarly, the price of bitcoin collapsed in the uncertain conditions of the market, falling to around $ 74,000 to start last week. However, the main cryptocurrency recovered above the $ 83,000 after the president of the United States, Donald Trump, stopped the import tariffs of other countries, except China.
bitcoin has reacted more positively to other commercial news, including the exemption of President Trump of computer devices, smartphones and chips of new rates. At the time of writing this article, the price of btc is located just above $ 85,000, which reflects a jump of almost 2% in the last 24 hours.
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The price of btc on the daily timeframe | Source: BTCUSDT chart on x/IQFkTXk3/" target="_blank" rel="noopener nofollow">TradingView
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