FINANCE

Bitcoin ETF experiences net outflow for only one day, with a net inflow of $250 million returning yesterday.

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Bitcoin ETF experiences net outflow for only one day, with a net inflow of $250 million returning yesterday.

According to data compiled by BitMEX Research, despite a record outflow of $35 million on 2/21, the Bitcoin spot ETF saw a resumption of inflows on 2/22, totaling $251 million. Although not as high as the $400-600 million inflows seen between 2/7-2/16, it is still a significant figure. IBIT and FBTC maintained inflows in the million-dollar range, while GBTC saw an outflow of $55 million. This led to a temporary drop in the Bitcoin price to the $50,000 level.

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According to data compiled by BitMEX Research, the Bitcoin spot ETF saw a net outflow of $35 million on 2/21, ending a record of over two weeks of net inflows, causing the Bitcoin price to decline and briefly reach the $50K level. However, on 2/22, it resumed net inflows totaling $2.51 billion. Overall, while it did not see the $4-6 billion inflows seen between 2/7-16, the amount is still significant. IBIT and FBTC maintained inflows in the billions of dollars, while GBTC saw an outflow of $55 million.

As of the deadline, Bitcoin has not significantly rebounded due to this data, maintaining at the $51K level. Some analysts believe that as long as trading remains below $52K, a cautious stance needs to be maintained, and there is even a possibility of further downward adjustment to the $47-48K level.