Spot Bitcoin ETF is traded in the United States that ended the output series without interrupted eight days with the amount of $ 94.3 million on February 28. While the recent output was $ 3.2 billion pointing out the weakness of investors' safety, the reversal of this trend was understood as the beginning of the recovery in the market. After the Bitcoin price dropped to $ 78,000, he recovered to $ 84,900, while the introduction of big funds like Blackrock, Fidelity and Ark 21shares attracted attention. However, even though this movement is the beginning of a new trend, it will be clear in the coming days.
Investment funds of the Bitcoin Stock Exchange (ETF) traded in the United States ended a series of outputs without interrupted eight days with the amount introduced $ 94.3 million on February 28. The harsh adjustment in the recent cryptocurrency market and the weakness of investor confidence has led to a total of more than $ 3.2 billion among Bitcoin ETFs. However, the reversal of this trend is explained that it can indicate the beginning of the recovery in the market. On the last day of last February, the Bitcoin ETF entrance attracted attention. The largest Bitcoin ETF, Blackrock's IShares Bitcoin Fund (IBit), is a large output of $ 244.6 million the day before, while on February 28, a relatively balanced course. FIDELity FBTC Fund and other major ETFs have received a total of $ 176 million, while the largest net entrance is seen by the ARK 21Shares Bitcoin ETF and the amount of $ 193 million from investors. Is the trend change in Bitcoin ETFs? Bitcoin Spot ETFs have tended to have long -term output since the introduction of $ 66.2 million on February 14. However, as of February 28, the first positive net thread was considered a sign that investors' confidence could start recovering. However, it will be clear whether this entrance is an hour or starts a new trend. On the other hand, the Ether Spot Ether, although the recovery part of Bitcoin ETFs, continues the escape trend. On February 28, 41.9 million ETF -based ETF -based Ethereum, the net output was $ 41.9 million, a total of $ 357.5 million among these money continued. Recovery is approaching the market? The latest mobility on the cryptocurrency market has taken place simultaneously with the announcement that US President Donald Trump will hold a cryptocurrency summit on March 7. In addition, the news that Blackrock, the largest asset manager in the world, plans to put Bitcoin ETF on the spot into one of the model portfolio from 1 %to 2 %, increasing the optimism in the market. The beginning of Re -Mend in Bitcoin ETFS shows that investors' confidence may gradually return. However, it will depend on this trend will be permanent and whether the funds will continue in the coming days. Investors continue to follow the political development in assets and cryptocurrency strategies of major financial institutions, especially in the United States.