Even if there are growing concerns about a slowdown in Crypto ETF, Blackrock's Ishares Bitcoin confidence is still strong. Nate GeraciThe president of the ETF Store, said that the fund had now 13 days in a row, totaling $ 3.4 billion.
Thus, the latest figures for the Bitcoin Spot FNB are in the ETFs, and they are controversial to say the least. The funds negotiated on the stock market on the main cryptocurrency recorded a total net output of 382 BTC, equal to around 36.29 million dollars, despite a strong individual BlackRock performance, from which Bitcoin Ishares Truby fired 2,841 BTC, adding nearly 270 million dollars in a day.
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Nine of the other ten ETFs have shown outings or zero movement.
Fidelity Wise Origin Bitcoin Fund, the second largest in holdings, saw the biggest outing of the day: 1,462 BTC disappeared, a reduction equal to $ 138.89 million, bringing its total to 198,376 BTC under management. Ark 21Shares and Bitwise also exceeded the tickets, with 1,391 and 251 BTC respectively, while Vaneck, Valkyrie and Investco were sitting flat or near zero.
The complete ETF Bitcoin group now contains 1,153,451 BTC, worth 109.58 billion dollars, but May began with a clear signal – the capital turns and it does not rush.
On the Ethereum side, the tone was almost the same. The total net output reached 1,648 ETH, or $ 3.03 million. Ethereum Trust de Graycale de Graycale saw 3,987 ETH withdrawn, or about $ 7.32 million out of outing, pushing its total of seven days to more than 8,200 ETH disappeared.
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The only significant Afflux ETF was the Ethereum fund in Fidelity, which won 3,247 ETH, worth almost 5.97 million dollars – a rare green light.
Let's be clear: the question is not now whether the big players still buy – Blackrock is clear – but where the rest of the market is heading. If this is what leadership looks like, what happens when it disappears?
