Spot bitcoin exchange-traded funds in the United States have returned to pure flow after President Donald Trump agreed to implement Tariff on Canada and Mexico for a month after a conversation with his leaders.
As data From Persuside investors, 12 spot bitcoin ETFS recorded a net flow of $ 340.7 million on 4 February, marking a change from the outflow recorded on the previous day when these investment products saw $ 234.4 million in the net redemption.
Blackrock’s ibit once again led to an edge in the flow with $ 249 million to enter the fund after one day of the remaining one again. Since the launch, spot bitcoin has seen a flow of about $ 40.7 billion. Arkb of Arc and 21 shares invited with $ 56.1 million.
Another ETFs that experience pure positive flow included GBTC of Grancale, which was attracted to $ 19.5 million, and bitwaiz bitby, which saw a flow of $ 16.1 million. The remaining seven ETFs did not report any flow or outflow, indicating a stagnation in investor activity for those funds.
12 Bitcoin ETFS re -resurrection followed President Donald Trump’s agreement with the Presidents of Mexico and Canada to suspend the controversial 25% tariff on both nations for a month. This signed an executive order to establish an first sovereign money fund to sign an executive order with Trump, speculating within the Crypto community that America can use it to buy bitcoin. Is.
Following this news, Bitcoin briefly rebuked the major level of $ 100,000 on 4 February, while atherium, Solan, XRP, and Dogicine also posted significant benefits, indicating a possible rapid revival.
The recovery comes after the market-wide fall, which led to an increase of more than $ 2 billion in liquidity in the Crypto derivative market on Monday after Trump’s tariff announcement on Canada, Mexico and China.
The reaction of the market participants promoted the possibility of a global trade war, giving the Crypto market more than $ 500 billion on 3 February.
At the press time, bitcoin (BTC) was exchanging hands at $ 98,070, below the previous day, below the previous day.
Commenting on the recent landscape, Matt Mena, Crypto Research Strategist in 21Shares, Crypto.NuS said that while Tariffs have caused short -term volatility, they can “contribute to a long -term change that eventually bitcoin Benefits. ” If the US maintains the cost of cheap borrowing, “tries to weaken the dollar overwelling,” it can increase the pressure to increase the cut on the fed, making it a “more adjustment monetary environment”.
She emphasized that a weak dollar, low treasury yields, and growing global liquidity could act as catalysts for the next major rally of bitcoin, strengthening their position as a hedge against Fiat debut.
Mena also stated that when the improvement in the market has intensified, it acts as a “healthy shakeout”, as the Crypto Chakra rarely maintains a paralysis run without a pullback. Historically, February has been a strong month for bitcoin, posing positive returns in the last 14 years, with an average withdrawal of 15.66%, has a data per data from the coating.
Although these developments may seem negative to bitcoin in short term, Meena suggests that “this period of instability may eventually determine the phase for its next major expansion,” a position to be aligned for bitcoin with macroeconomic conditions. Within the “$ 150K-$ 200K range” to break the high and consolidated of all times from.
