The CEO of the Cryptoctive CEO believes that the bull cycle of bitcoin will remain as long as the demand for bitcoin ETF remains pure positive.
In a February 20X post, JU said that Bitcoin (BTC) ETF flow has slowed down, while they overtake the outflow. He warned that a long period of pure negative demand would indicate the introduction of a bear market.
According to Sosovalu dataBitcoin ETFS recorded $ 71.07 million in the outflow on 19 February, marking the pure redemption for the second consecutive day. FBTC of Fidelity saw the biggest withdrawal of $ 48.39 million, followed by BRRR of Vulkari, Arch 21 Shras RKB, and Hodal of Vanek. Meanwhile, Blackrock’s Ibit and seven other ETFs did not see any important movement. Despite the short -term outflow, the total trading volume was strong at $ 2.05 billion.
Despite the short -term outflow, institutional interest in bitcoin ETFs is increasing. On 14 February, Abu Dhabi’s sovereign wealth fund, known as the Mubadala Investment Company, revealed that he had invested $ 436.9 million in Blackrock IBIT stocks. The firm is one of the first major sovereign wealth funds to allocate to Crypto’s part of its portfolio.
Additionally, on 13 February Admission With the Securities and Exchange Commission, Barclays revealed that it now owns 2.47 million shares of Ibit, which is priced at $ 131 million as of 31 December. The UK -based bank is included in other organizations, such as JP Morgan and Goldman Sachs, who have promoted them. Bitcoin exposure to ETF.
Bitcoin is currently getting $ 97,000, which is a significant decline from its peak of $ 109,200 last month. One of the main reasons for this decline may be confident of declining the Trump administration’s ability to quickly establish the strategic bitcoin reserve of Trump administration. Many investors hoped that the market would move quickly after the election, but uncertainty has again created a spike instability.
