Bitcoin ETF investors seem to be buying the dip, with no signs of panic during the pullback#Gate广场发帖领五万美金红包
On February 27, Nate Geraci, President of The ETF Store, stated, "ETF investors have generally shown 'diamond hands' during the recent decline in Bitcoin. Since Bitcoin hit a record high in early October, spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows. However, compared to the roughly $55 billion of net inflows into this category since January 2024, this outflow is just a drop in the bucket."
In the past three days, there has been over $1 billion in net inflows again. For long-term Bitcoin investors, a 50% retracement is almost commonplace. However, from the current situation, even new ETF investors don’t seem to be panicking. This isn’t Bitcoin’s first 50% decline, and it’s likely not the last. Clearly, ETF investors have not engaged in panic selling. On the contrary, they seem to be buying the dip.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin ETF investors seem to be buying the dip, with no signs of panic during the pullback#Gate广场发帖领五万美金红包
On February 27, Nate Geraci, President of The ETF Store, stated, "ETF investors have generally shown 'diamond hands' during the recent decline in Bitcoin. Since Bitcoin hit a record high in early October, spot Bitcoin ETFs have experienced approximately $6.5 billion in outflows. However, compared to the roughly $55 billion of net inflows into this category since January 2024, this outflow is just a drop in the bucket."
In the past three days, there has been over $1 billion in net inflows again. For long-term Bitcoin investors, a 50% retracement is almost commonplace. However, from the current situation, even new ETF investors don’t seem to be panicking. This isn’t Bitcoin’s first 50% decline, and it’s likely not the last. Clearly, ETF investors have not engaged in panic selling. On the contrary, they seem to be buying the dip.