Positive Inflows for U.S. Bitcoin ETFs After Six Days of Outflows
- U.S. exchange-traded funds (ETFs) saw inflows of $240 million on Thursday, marking the first positive flow since October 28.
- No outflows were reported from any ETF provider, ending a six-day streak of consecutive outflows.
- Since the U.S. government shutdown began on October 1, ETF flows have been predominantly negative, aligning with Bitcoin’s decline to $100,000.
- Bitcoin has decreased by approximately 11% since the shutdown started, while the Nasdaq and gold increased by about 2% and 4%, respectively.
- The current correction in Bitcoin began on October 6 and has resulted in a total decline of around 21% over the past month.
The recent positive inflow into Bitcoin ETFs may indicate a shift in investor sentiment after a prolonged period of outflows that coincided with market declines. The ongoing government shutdown continues to impact market confidence and liquidity levels.
With Bitcoin down approximately 21% since early October, the latest ETF inflow could signal potential recovery as investors reassess their positions amidst changing market conditions.
