USA Spot Bitcoin $95,531.38ETFInvestment for their appetite continues to climb. According to the Sosovalue data, ETFs leaving the third positive week in a row by pulling a net $ 1.81 billion entry in the week of April 26 – May 2. Thus, the total cumulative inputs reached $ 40.24 billion and saw the highest level since February 11. In the same period, the weekly trading volume of 12 ETF remained at $ 13.23 billion.
Three -week positive painting in Spot Bitcoin ETFs
Last week Bitcoin ETF‘s fresh currency of $ 1.81 billion in the previous week after a strong flow of $ 3.06 billion in the previous week showed that the acceleration is still upward. Despite the decrease in the weekly transaction volume, the fact that the net entrance series continues reveals that investors continue to turn the price decreases into an opportunity.
The fact that the cumulative figure exceeded the $ 40 billion threshold means that the summit seen in mid -February was re -tested and proves that the ETF market continues to absorb liquidity as it matures.
Blackrock’s IBIT The fund has become the leader of the market and backs the significant portion of the painting. The Fund attracted $ 674,91 million entry on Friday, May 2. Thus, the total fund has reached 43.48 billion dollars since the establishment of the fund.
The decrease in the total volume of ETFs on a weekly basis suggests that investors have opened more cautious transactions in the short term, but do not reduce their long positions.
Bitcoin price At the time of the article, it was traded around 94 thousand 606 dollars.
Corporate interest continues to increase
In addition to corporate actors outside the USA, prestigious universities have been involved in the race to grab a share from the cake. Brown UniversityAccording to the declaration of the US Securities and Stock Exchange Commission (SEC), the university holds a share of approximately $ 5 million in Blackrock’s IBIT fund. The biggest of academic institutions to spot Bitcoin ETFs for portfolio diversification crypto currencyIt carries the status of “alternative” towards the corporate mainstream.
On the other hand, there is a move in investment products other than Bitcoin. Spot Ethereum 
$1,833.38ETF‘s last week with an introduction of 106.75 million dollars in a row caught the second positive week. Although the numbers are far from Bitcoin EthereumThe decrease in regulatory uncertainties for the fund managers raises the appetite of the managers. Market Participants Ethereum priceHe interprets the last withdrawal in the “discounted buying opportunity”.
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.
