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"What Happened to Bitcoin ETF?" Newsletter: A Week of Twists and Tumbles! 🎢

Tracking the Ebb and Flow: Bitcoin ETF Dynamics Amidst Price Declines

Author

Brian HoonJong Paik
February 25, 2024

Hey there, Crypto Crusaders! 🌟

Buckle up for a whirlwind tour of this week's Bitcoin ETF shenanigans! If you thought rollercoasters were just at amusement parks, think again because the Bitcoin market just took us on a wild ride from a high of $52k to a not-so-cool $50k. 😱 But don't just watch from the sidelines; click through to see these dizzying dips and soaring spikes on bitcoinetffundflow.com!

What's the Deal with Friday's Fund Flows? 

Last Friday felt more like a lazy river than our usual crypto rapids. ETF inflows were quieter than a library before finals - the lowest we've seen since January 30th! It's like the market took a deep breath, slowing down on snagging up spot Bitcoin in the ETF realm and leading to a price pullback that had us all on the edge of our seats. 📉

11 ETFs' Total Daily Net Flow Hit the Lowest since Jan.30

The total daily net inflow of 11 Bitcoin ETFs has reached the lowest point since January 30th.

Big Players Taking a Breather 

After a month that had us all grinning with robust inflows, the big three (no, not Harry, Hermione, and Ron) - Blackrock's IBIT, Fidelity's FBTC, and Bitwise's BITB - decided to hit the pause button. With the interest rate cut gossip turning out to be just that - gossip - it looks like Bitcoin's price might just play it cool and kick back at these levels until April rolls around.

All three top funds, Blackrock, Fidelity, and Bitwise, experienced a decrease in fund flow.

P.S. Don't Miss the Action! 🚀

Ditch those boring graphs your broker shows you. For the real scoop in glorious technicolor, head over to bitcoinetffundflow.com. We've got all the charts that matter, making the complex world of Bitcoin as easy to read as your favorite comic book. Catch the latest trends and see for yourself which ETF is the life of the party with inflows, and which one's nursing a punch bowl of outflows. It's all there, and it's all live!

📰 Hot Off the Press: The Bitcoin ETF Bulletin

  1. "South Korea Regulator & SEC Chair To Discuss Bitcoin ETF & NFTs" - CoinGape 

    South Korea's FSS Chair and the SEC to discuss Bitcoin ETFs and NFTs, shaping the future of virtual finance.

    Read More

  2. “Spot Bitcoin ETFs Surge to $14.6 Billion in BTC Holdings 43 Days Post-Launch” – Bitcoin.com News

    Since their approval for trading on Jan. 11, 2024, the nine spot BTC ETFs have significantly increased their BTC holdings.

    Read More

  3. “Spot Bitcoin ETF cumulative trading volume exceeds $50 billion” - The Block

    The spot Bitcoin ETFs returned to net inflows, bringing in $251.4 million on Thursday, after recording net outflows a day prior.

    Read More

  4. “Bitcoin ETF boost cuts two ways for Coinbase“ - Financial Times

    Despite positive moves by the regulator, long-term benefits for the crypto-trading platform are not clear-cut.

    Read More

  5. “Fidelity's FBTC ETF hits $4 billion mark amid Bitcoin ETF boom” - CryptoSlate

    million surge in Bitcoin ETFs highlights investor confidence, despite GBTC outflows.

    Read More

🔥 This Week's Sizzling Tweet 🔥

Eric Balchunas points out a seismic shift in the store of value showdown:

Nonetheless, it's likely that BlackRock isn't as thrilled with this situation as others might be, considering they manage iShares Gold Trust(IAU) and earn a 0.25% fee on $25 billion in assets under management, which translates to a substantial revenue stream for them. However, looking at the bigger picture, they're still coming out on top and will likely continue to reap significant benefits over time.


And that's just a taste! We've got more hot headlines on our site, each with a sprinkle of spice and everything nice to make your crypto journey a thrilling adventure.

Stay ahead in the crypto world. Subscribe now to The Bitcoin ETF Lowdown for weekly market insights.

Before you dive back into the market maze, remember: bitcoinetffundflow.com is your treasure map to the gold mines of Bitcoin ETFs. So click that link, check out those trends, and let's get those investments shining!

Catch you on the flip side, where the crypto's always cool, and the ETFs are always trending.

Stay awesome, stay invested,

Your Crypto Comrades at Bitcoin ETF Fund Flow

P.S. Got feedback or a burning question? Hit us up! We're always here, ready to chat about all things Bitcoin and ETF. 💌

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