Bitcoin ETFs Bounce Back with Inflows After Rough Week
Bitcoin ETFs Bounce Back with Inflows After Rough Week
Bitcoin ETFs ended five days of heavy outflows on a high note. Crypto traders feel hopeful now. Yet charts and big-money moves paint a cautious picture. Details ahead.
Bitcoin and ETF gains lift trader spirits.
Quick facts
Bitcoin ETFs pulled in $75 million after record losses. BlackRock led the charge. Big investors stay on guard amid econ risks and wild markets. Net inflows hit $75.47 million for Bitcoin ETFs. BlackRock's IBIT grabbed $60.61 million alone. That flips the script from its $523 million outflow the day prior.
Grayscale's fund drew $53.84 million too. Fidelity and VanEck fell back though. They saw outflows of $21.35 million and $17.63 million.
This ETF uptick matches Bitcoin's small gain. BTC trades near $92,200 after dipping under $90,000. Other coins draw eyes too. Solana ETFs added $55.6 million. XRP gained $15.8 million. Hedera (HBAR) picked up $577,000.
Big investors hedge bets amid rebound signs Numbers show investors shift spots, not quit. Proof comes from record put options on IBIT. That points to protection, not big bets on gains.
Fed policy adds doubt. Odds of a December rate cut dropped from 48.9% to 33.8%. Investors pull back with less hunger for risk.
ETF flows hint at a true rally or quick fix. Macro fog calls for care.