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The Market Flinched, Bitcoin ETFs Didn’t – A Structural Shift You Need to Watch!
As the crypto market continues to oscillate wildly in recent times, one aspect that stands out from the noise is the unwavering support provided by Bitcoin ETFs. Amidst the turbulence, these exchange-traded funds have not only weathered the storm but have actually taken on a new role – absorbing liquidity and stabilizing the market.
This unprecedented shift in market structure warrants attention, especially considering the recent $1.3 billion outflows from May 29 to June 2, which had sent Bitcoin’s price plummeting. In stark contrast, however, we see the unrelenting influx of capital into Bitcoin ETFs since June 9, with a staggering $7.78 billion in net inflows.
Not only has this trend defied the market’s volatility, but it also highlights the growing significance of institutional investment in crypto assets. Furthermore, BlackRock’s IBIT alone has managed to amass an astonishing 700k+ BTC in its treasury, surpassing even MicroStrategy in terms of holdings. This monumental shift raises questions about whether Bitcoin ETFs have become the new whale class.
It is essential for risk managers and macro-focused investors to pay close attention to this development, as it indicates a structural change in market behavior.
Source: ambcrypto.com
