Spot Bitcoin ETFS ends with a 12 -day flow with $ 131 million in external flows star-news.press/wp

The Bitcoin exchange funds (ETFS) recorded a net external flow of 131.35 million dollars on Monday, which represents the end of a 12 -day series that attracts $ 6.6 billion of flows.

The largest external flow of ARK Invest’s ARKB, which threw $ 77.46 million in one day. GBTC of Grayscale followed $ 36.75 million in external flows, while FBTC from Fedelity lost $ 12.75 million, According to To data from Sosovalue.

Bitb’s Bitb and Vanck’s Hodl also published moderate outputs of $ 1.91 million and $ 2.48 million, respectively. Ibit did not see Blackrock, the largest fund by net asset ($ 86.1 billion), that is, external flows or flows.

Meanwhile, the net cumulative flows are still strong at $ 54.62 billion, and the total net assets through all investment funds circulated in Bitcoin (BTC) 151.60 billion dollars, which represents 6.52 % of the total market value of Bitcoin.

Related to: Spot Bitcoin Etfs earns $ 363 million, and a 12 -day flow chain extends to $ 6.6 billion

Investors make profits near their highest levels ever

The amount of $ 131 million came in external flows, as investors and institutions were imprisoned in some gains to manage risk, according to Vincent Liu, the chief investment official of Kronos Research.

“The last outflows in ETF reflects, try profits near the heights, and the institutional balance is measured to close the gains,” Liu told Cointelegraph.

He said that the external flows were a routine correction after operating a large rate, not a sign of fear among the big bearers. Liu noted that “it is not a panic but rather a position – a natural stop after a strong operation.”

The sudden external flow follows a period of records of setting records earlier in July, when 10 and 11 July achieved 1.18 billion dollars and 1.03 billion dollars, respectively, which is the first time in history two consecutive days in the date of the flow of one billion dollars in the investment funds circulated in Bitcoin.

Related to: Offer ETF Bitcoin ETF for “doubled” on BTC at $ 116,000

Ether etfs extends the winning chain

Spot ETHR (ETH) has extended its impressive flow chain, and won another $ 296.59 million of net flow on Monday. This prompted the total cumulative flow to 7.78 billion dollars, while continuing to increase the interest of the investor.

The current series, which was now twelfth day in a row, includes an activity to break the record on Wednesday, when Ethereum ETFS recorded a daily flow of $ 726.74 million, which is the largest since its first appearance. On Thursday, $ 602.02 million is affiliated with an increasing appetite for ether products.

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