Spot in the USA Bitcoin The interest in the stock market investment funds (ETF) has started to rise again. The highest daily entrance has been recorded on Monday since January 30, with a total net entry of $ 381.4 million. Bitcoin, despite the harsh decline in traditional financial markets, exceeded the level of 88,000 dollars and maintained its stability. This mobility in ETFs and price shows that corporate investors’ interest in the crypto currency market has increased again.
ARKB, FBTC and BITB took the lead at the entrances to ETFs
According to Sosovalue data, 12 different in the USA Spot Bitcoin ETFThe highest entry between the arc and 21shares ARKB It was realized to the fund. Fidelity, which attracts attention with a net entry of 116.1 million dollars, with $ 87.6 million FBTC Fund followed. Bitwise’s BITB The fund was 45.1 million inputs. Blackrock, which is the largest Spot Bitcoin ETF in terms of net asset size IBIT The fund was also on the list with an entrance of $ 41.6 million.
This intense demand for ETFs Bitcoin Price performanceis also directly related. The largest testing 88 thousand dollars times several times on Monday crypto currency Despite the wave of sales in traditional financial markets, it maintained its power.
The harsh decline in the US stock exchanges and the weakening of the dollar have directed investors to alternative assets. Bitcoin is preferred by investors looking for a safe port in this environment ETF‘s procedure volumes are also reflected. 12 ETF’s total transaction volume reached $ 3.75 billion. This transaction volume corresponds to about twice the volume of $ 1.55 billion only four days ago.
Bitcoin strengthens as the US dollar weakens
US President Donald TrumpThe harsh criticism of the FED President Jerome Powell and the call for “preventive interest rate reduction çıktı found echoed in the markets. While the dollar index (DXY) fell to the lowest level of the last three years, analysts such as Peter Chung described this decline as a structural slimming. According to Chung, the US’s share in the global GDP has decreased by half since the Second World War. This increases investors’ search for dating the risk of dollar. Bitcoin stands out as a clear response to this quest.
While alternative assets like gold and Bitcoin are rising, the largest Altcoin Ethereum (ETH) Interestingly, it was negatively affected by this development. Spot Ethereum ETFs $ 25.4 million output drew attention. Ethereum’un 4 percent of the value of 4 percent in 24 hours to decrease to a thousand $ 581, the cautious stance of investors reflects. On the other hand, Bitcoin increased by 0.76 percent in the same period and exceeded $ 88 thousand.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
