Record of entries … then outings! ETF Bitcoin in cash had a difficult day on Tuesday with net outings of $ 96.14 million, ending a series of four days of positive entries. These outings occur just after the ETFs have reached A record of cumulative entries of $ 41.18 billion on Monday.
- ETF Bitcoin in cash experienced a historic outing of $ 96.14 million, interrupting a series of four days of positive entries.
- The FBTC of Fidelity and the Hashdex DEFI were the main contributors to these outings, with respectively 91.39 million and $ 4.75 million withdrawn.
Fidelity and Hashdex at the top of the outlets of the Bitcoin Etf
According to data of Sosovalue, among the Bitcoin Etf in American cash, these are Fidelity And Hashdex which recorded the most important outings. The FIDLY FBTC saw $ 91.39 million out, while Hashdex’s DEFI recorded $ 4.75 million. These two funds were the only ones to report outingsthe other ETF Bitcoin having recorded zero flow.
These movements arise as bitcoin Continue to fluctuate, reaching $ 103,775 at the end of Tuesday, with an increase of 1.4 % over 24 hours. For its part, Ethereum climbed 8.9 %, reaching $ 2,667.
Economic context: inflation and trade tensions
The Crypto market is continuing his rallydespite the trade tensions between UNITED STATES and the China. L’inflation In the United States increased by 0.2 % in April, bringing the annual rate to 2.3 %, the lowest since February 2021. This drop in inflation could offer a respite to the markets, according to Presto Research analysts.
The duration of the crypto rally will largely depend on the development of commercial negotiations between the United States and China, as well as the broader impact of customs prices. « The publication of an IPC lower than expected in April has provided a certain relief for the markets »have thus note Analysts Peter Chung and Ming Jung.
Despite these outings, Some crypto market players remain optimisticbrought by declining inflation and hopes for resolving trade tensions. However, caution is in order while investors closely monitor global economic developments.