Matrixport wrote that the bitcoin spot ETF ended its week of trading with $310 million inflows on Friday, the highest level in more than a month. Previously, ETF fund flows were closely related to inflation data, and last week's CPI data was weaker than expected, ETF funds may continue to flow in.
It is worth noting that institutional buying, initially driven by high arbitrage opportunities, has shifted to retail investors who are less sensitive to stop losses. This shift is likely to make buying activity longer, reducing reliance on macroeconomic data.
Matrixport: ETF funds may continue to buy bitcoin on dips
2024-07-15 07:15:24
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