Etf Bitcoin EtFS you see heavy flow star-news.press/wp

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Etf Bitcoin EtFS you see heavy flow star-news.press/wp

Bitcoin markets faced some stagnation, as the investment funds traded in the instant bitcoin recorded sharp flows. At the same time, AMDAX, the Dutch ODAX service provider, announced the progress of the treasury initiative of $ 23 million.

Etfs Bitcoin records the first daily losses in days

according to Data From Sosovalue, the investment funds circulated in Bitcoin have seen clear flows of about $ 126.6 million. This is the first day of losses since August 22. The total management assets fell to $ 139.95 billion for Bitcoin. Ethereum also recorded a decrease in its products 28.58 billion in its products.

ARKB lost from 21shares 72.07 million dollars, while GBTC from GRAYSCAE recorded out of 15.3 million dollars. FBTC of Fidelity witnessed a $ 66.2 million outlet in one day, recording the highest external flow. On the other hand, IBIT is attracted by Blackrock 24.63 million dollars of flows, with the BTCW addition from Wisdomtree 2.3 million dollars.

This decline comes yet IBIT from Blackrock has reached a record number 91.06 billion dollars in assets under management. A cumulative net flows of up to $ 58.04 billion were recorded from mid -August. IBIT was closed at $ 69.84, as it was traded by 0.57 % to the net asset value.

This distance between IBIT and other ETFS in Bitcoin emphasizes the unification of the capital between first -class exporters. It also shows its hegemony even at a time when the broader market is transferred.

AMDAX provides $ 23 million to Bitcoin weight

In a conversation ReleaseAmdax, through the newly created amgs bv entity, announced that it had received 20 million euros (about 23 million dollars) in the first tour of its own position. The money will support the creation of an independent treasury company in Bitcoin, with plans to ultimately include Euronext Amsterdam.

The CEO of Lucas Winsing said that the initiative reflects the strong investor’s appetite for BTC’s focus strategies:

He said: “The appetite we received in this primary financing round indicates that investors welcome the initiative, which provides them with an opportunity to participate in the growing fast market.” “With the creation of AmbTs, we aim to enhance the independent European digital asset industry, and therefore it may open a convincing investment opportunity for institutional investors.”

AmbTs aims to close the financing round in September with a maximum of 30 million euros. Long -term vision: Ultimately controlling 1 % of the total bitcoin supply, equivalent to about 210,000 BTC.

Payment comes by AMDAX at a time when institutional accumulation remains in the spotlight. BTC Treasury, A strategy, revealed that she now owns More than 3 % of the maximum bitcoin offer from 21 million. The latest acquisition of 3,081 BTC has paid its return throughout the year to 25.4 %.

The Ministry of Treasury adoption can compensate for some of the descending feelings surrounding the current shrinkage of the bitcoin price. This step also shows that Europe is working to attract new institutional investors to its ecosystem for encryption.