news 
Bitcoin ETFs Come Green, Despite $567 Million Crypto Bloodbath
The recent cryptocurrency market meltdown has left investors in a frenzy, with prices plummeting by millions. However, amidst the chaos, Bitcoin ETF inflows have surprisingly continued to flow in. In fact, Fidelity Wise Origin Bitcoin Fund saw a massive 1,375 BTC inflow, followed by Bitwise Bitcoin ETF’s 386 BTC addition. Meanwhile, BlackRock’s iShares Bitcoin Trust witnessed a staggering net outflow of 1,341 BTC.
While the figures may seem impressive at first glance, it’s essential to note that ETF inflows and outflows are often retrospective, meaning they might not accurately reflect the real-time market situation. Nevertheless, this influx of funds into the crypto space is an unprecedented phenomenon, and one that warrants a closer look.
One possible explanation could be that investors are playing the long game, taking advantage of the discounted prices to accumulate more Bitcoin. Alternatively, we may be witnessing a fundamental shift in how institutions and retail investors react to market volatility.
Source: https://u.today/bitcoin-etfs-come-green-despite-567-million-crypto-bloodbath
