The price Fluctuation of BTC is highly correlated with the fund changes of its Spot ETF or ETP. Two weeks ago, the encryption market was in good condition. According to Coinshares data, global encryption asset investment products attracted a weekly inflow of $308 million, but with the hawkish remarks from the Fed on December 19th, a large outflow of $576 million occurred, with a total outflow of $1 billion over the weekend.
In addition, affected by the recent price decline, the total value of the encryption exchange’s trading products (ETPs) has decreased by 17.7 billion US dollars, indicating a significant outflow of funds. In the trading situation during Christmas week, BTC experienced partial outflows within the week but ultimately achieved a net inflow of 375 million US dollars against the trend, reflecting that the market sentiment is not as pessimistic as expected. In contrast, the outflow of multi-asset investment products is the most significant, reaching 121 million US dollars.
It is worth noting that Ethereum continues to attract investors’ attention, with a net inflow of 51 million US dollars, while Solana has a net outflow of 8.7 million US dollars, and XRP has a net inflow of 8.8 million US dollars. Other cryptocurrencies like LINK, ADA, and LTC also have small net inflows. In terms of regional performance, the United States leads with an inflow of 567 million US dollars, indicating that the United States is still leading the encryption market Fluctuation.
Disclaimer: The article only represents the personal opinions of the author and does not represent the views and positions of Blockmanity. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Blockmanity will not be held responsible for any direct or indirect losses caused by investor transactions.
〈MICA Daily | Coinshares: Even if BTC prices fall, net inflows are still obtained in the end〉This article was first published in “Block Times”.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
