Spot in the USA Bitcoin $115,546.30 ETFs 523 million dollars on 19 August, Spot Ethereum 
$4,300.67 ETFs closed 422.3 million dollars with a net output. Data say that corporate investors reorganized their positions before important macroeconomic developments. Sosovalue The data shows that the highest negative flow, except InveSCO’s BTCO, is seen in FBTC and conquest funds of Fidelity. Grayscale’s GBTC is 115.53 million dollars, ETHE is 122 million dollars, Grayscale Mini Ethereum Trust wrote an exit of $ 88.5 million. Blackrock’s IBIT reported zero flow during the day. Bitwise and Ark & 21shares ETFs were also significant exits.
What’s happening in crypto money ETFs?
Crypto Money Analyst from BTC Markets Rachael LucasAccording to the United States, Spot Crypto Money ETFs have seen one of the largest starting days since their launch. Lucas said that there may be many reasons for this high -scale mobility. Investors may have been recruiting profit at the last summits and the transition to cash or US Treasury bonds, and/or inflation concerns, strengthened US dollar and Fed’s monetary policy may be directed to reduce risks against the uncertainty in the path.
There was an expectation of interest rate reduction in the market in September, but the PPI data, which was stronger than last week’s expected, was rated to a certain extent. Investors are now focused on two headings on the calendar for new signals. July will be published today FOMC minutes And the Fed President at Jackson Hole on Friday Jerome Powell’s speech. These titles are considered a reference for the direction of flows to ETFs in the short term.
Outlets in ETFs Prices Print
Spot crypto currency The return of shares from ETFs requires the exporter to return to cash by selling the basis. Lucas, based on this situation, both the current flows BTC as well as Eth stressed that it has been transformed into real sales pressure. In the short term, he added that there was an immersive effect on the spot markets during the intensive exit days and that the outcoming outweighs according to the transaction volume strengthened the cautious air. On the price side, the decline continues. According to CoinMarketcap data, Bitcoin decreased by 1.57 percent in the last 24 hours to 113,500 dollars, and Ethereum decreased to 4.163 dollars with a decrease of 1.54 percent in the same period.
In the medium term ETFThe structural role of the s is preserved. Lucas recalled that 6.47 percent of Bitcoin’s market value and 5.17 percent of Ethereum were kept in these investment products. According to the analyst, the purchases of the companies that build crypto currency treasures indicate that the demand is not extinguishing, and to re -balance. In the analyst’s interpretation, “Bitcoin resists short -term winds, whale accumulation softens the downward movement. In Ethereum, institutional outlets are more upright, the risk of relative weakness is higher.” He said.
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.
