cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin ETFs Suffer Biggest Outflows Since January as May Turns Red

-

by

cryptd.in
in

Bitcoin’s price calamity is not isolated, as, aside from all other macro and on-chain reasons, the exchange-traded funds tracking the asset’s performance experienced their worst weekly outflows since late January.

In fact, data from SoSoValue shows that May has turned red following two consecutive weeks of massive outflows.

Over $1.25B Pulled Out

그리고 spot Bitcoin ETFs were on a highly impressive streak that began during the week that ended on April 2. The following six weeks were deep in the green. Moreover, 10 out of the 11 weeks at the time saw more net inflows than outflows.

However, this impressive trend broke during the week that ended on May 15, when investors pulled out $1 billion from the funds. The landscape worsened in the past five trading days, as the net outflows skyrocketed to $1.26 billion: the most since the end of January. Consequently, the cumulative net inflows dropped to just over $57 billion, out of the local peak at $59.34 billion marked just a couple of weeks ago.

Monday was the most painful day in terms of net outflows, with nearly $650 million in withdrawals. Tuesday followed suit with $331 million, another $70 million on Wednesday, $101 million on Thursday, and $105 million on Friday. Somewhat surprisingly, BlackRock’s IBIT bled out the most: $445 million on Monday, $325 million on Tuesday, $61.5 million on Wednesday, $104 million on Thursday, and $69 million on Friday.

As such, the total inflows for May have turned red, currently showing a $1 billion reduction.

Bitcoin ETF Flows. Source: SoSoValue
Bitcoin ETF Flows. Source: SoSoValue

Not Just the ETFs

Bitcoin’s price has also turned red for the month. After closing April with a notable 11.87% surge, May began on a positive note, and the cryptocurrency quickly spiked to a multi-month high of almost $83,000. Although it was rejected there, it managed to maintain the $80,000 level for several weeks before it broke down last weekend.

It has been unable to reclaim that level since then. Moreover, it plunged on Friday and earlier today to a monthly low of $74,200. Aside from the ETFs bleeding out, other reasons for BTC’s calamity could include war-related uncertainty and the possibility of new attacks, as well as other investors disposing of their assets.

As such, current data from CoinGlass shows that bitcoin is now over 1% in the red for May as it struggles below $75,500.

Bitcoin Monthly Returns. Source: CoinGlass
Bitcoin Monthly Returns. Source: CoinGlass

 

게시물 Bitcoin ETFs Suffer Biggest Outflows Since January as May Turns Red 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (443) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (71) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.