İshares Bitcoin Trust Etf, which started its activities in January 2024, recently attracted attention with a net fund entry of $ 970.9 million. While this figure came to the fore as the second highest fund input recorded since the start of the product, it was observed that a positive acceleration was achieved unlike similar products throughout the sector.
Fund currents and market data
While witnessing a new capital inflow worth $ 591.2 million on Monday, there were significant outputs in competitors. Fidelity’s FBTC product $ 86.9 million, Bitwise’s BITB product 21.1 million dollars, and ARK’s ARK product reported a funding output worth $ 226.3 million. In addition to this development, Bitcoin increased by 7.2 %in the last seven days and traded for about $ 94,900.
In addition, since April 22, İshares Bitcoin Trust ETF has challenged market trends by providing a net fund flow of over $ 4.5 billion. The fact that investors turned to this product and moved away from other alternatives prepared the ground for the implementation of different strategies in the market.
Expert Opinions
“Almost 1 billion dollars flowed to Bitcoin ETF. The second highest entry since January 2024.” – Nate Geraci
“The ETF market is moving two steps forward after we go one step back, the model we foresee takes place.” – Eric Balchunas
Following these statements, sector experts positively evaluate the increase in the interest of the product investor. The interest of investors points to the reshaping of capital flows in the market.
In the futures market, the number of open positions in the CME Bitcoin futures contracts decreased to 132,750 Bitcoin levels by decreasing four consecutive days. However, the increase in an annual basis from 5 %to 9 %in April increased expectations that it could prepare the ground for a recovery in open positions in the short term. The recovery of the press trade ratio points to the possible demand.
In the general assessment, in the Bitcoin exchange strategies in the spot market, investors prefer futures to lock the deficit; The increase in return shows that this strategy can gain popularity again. Market data and expert comments reveal that the current trend indicates vitality and strategy changes in capital flows.
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.
