Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Matrixport: ETF funds may continue to buy Bitcoin on dips

Matrixport: ETF funds may continue to buy Bitcoin on dips

Bitget2024/07/15 07:11
BTC-0.88%

PANews reported on July 15th that Matrixport stated, Bitcoin spot ETF ended last week's trading with an inflow of $310 million, reaching the highest level in over a month. Previously, ETF fund flows were closely related to inflation data, and last week's CPI data was weaker than expected, so ETF funds may continue to flow in. It is worth noting that the institutional buying initially driven by high arbitrage opportunities has shifted towards retail investors who are less sensitive to stop-loss. This shift could prolong purchasing activity and reduce dependence on macroeconomic data.

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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
The US Dollar Index rose to 98.432 on the 17th, with major currency exchange rates fluctuating.
2
All three major U.S. stock indexes closed higher.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$107,368.2
-0.90%
Ethereum
Ethereum
ETH
$3,879.53
+0.03%
Tether USDt
Tether USDt
USDT
$1
+0.02%
BNB
BNB
BNB
$1,089.22
-6.28%
XRP
XRP
XRP
$2.34
+0.87%
Solana
Solana
SOL
$185.61
+0.08%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.3101
-1.68%
Dogecoin
Dogecoin
DOGE
$0.1875
-0.20%
Cardano
Cardano
ADA
$0.6331
-1.76%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter