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Bitcoin ETF Demand Turns Negative After BTC Halves in Value

Bitcoin ETF Demand Turns Negative After BTC Halves in Value

Bitget2024/04/22 20:47
BTC+0.89%

U.S. regulators approved 11 spot bitcoin ETFs in January, managing a total of more than $13 billion in inflows in the months following their launch, and it took several years for gold ETFs to accomplish the same boom. However, after several consecutive weeks of net positive inflows into bitcoin ETFs, demand for the product appears to be shrinking. By the third week of April, ETF demand had shrunk to consecutive daily net reflows had turned negative after BTC block rewards were halved.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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