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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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New
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Are ETF institutions really just big leeks? The data tells you the answer!
By observing the recent two months of daily net inflows for BTC spot ETF institutions, on January 13 and 14, there were consecutive days with net inflows of $750 million and $843 million, respectively. Bitcoin's price also rebounded to the highest point of the second wave of the weekly rebound at 98,000.
Ironically, on January 15, Bitcoin's price started to plummet, initiating a continuous downward trend. On February 6, BTC dropped to a low of $60,000. On that day, spot ETF institutions experienced a net outflow of $434 million.
Looking at this set of data, I can't help but chuckle softly! Damn ETF institutions, truly the big leeks in the game!