This week, the Bitcoin spot ETF had a net inflow of US$1.615 billion, with a net increase of approximately 21,230.71 BTC

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Cointime2024/11/10 03:24

By:Cointime

Lin Chen, the head of Deribit Asia-Pacific Business, stated in a post on X that the performance of BTC spot ETF was very strong this week, with a net inflow of 1.615 billion US dollars and a net increase of about 21,230.71 BTC. Analysis pointed out that on Monday, as the election approached and risk aversion gradually increased, investors urgently reduced their holdings by 7,886.33 BTC. However, starting on Wednesday, driven by Trump's election and the Fed's 25BP interest rate cut, market sentiment quickly rose, and there was a net inflow of about 27,000 BTC in the following two days, of which BlackRock contributed 14,600 BTC. Currently, the price of BTC has approached 77,000 US dollars.

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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