The FNB Bitcoin based in the United States (negotiated funds on the stock market) continued their sequence of positive entries at the week. These Crypto-based financial products have posted more than $ 600 million in influx of net capital in the last five days of negotiation, reflecting a lasting optimistic feeling among investors in the United States.
While the funds negotiated in exchange for the BTC took a horrible start in the second quarter of the year, Crypto investment products seem to have completely turned things in recent weeks. The latest weekly performance of Bitcoin ETF Bitcoin is their fifth consecutive week to recording a positive capital influx.
FNB Bitcoin records $ 260 million entries in one day
According to the latest data from SosovalueThe Bitcoin ETF market in the United States witnessed a total net entry of 260.27 million dollars on Friday, May 16. This last cycle of capital influx represents the third consecutive day of positive entries for cryptographic products after seeing significant withdrawals on Tuesday May 13.
Market data show that none of the Bitcoin ETF recorded an outing on Friday, with Ishares Bitcoin Trust of BlackRock (with the Ticker Ibit) receiving the most important part of the capital of capital. The largest BTC grant fund has recorded nearly $ 130 million in additional value to end the week.
Friday, Fidelity Wise Origin Bitcoin Fund (FBTC) posted the second influx, with $ 67.95 million of additional value. The FNB Bitcoin d'Ark & 21Shares (ARKB) also recorded a net daily influx of $ 57.98 million during the day. Finally, Bitcoin Mini Trust de Graycale (BTC) also recorded a total daily influx of $ 4.61 million to close the negotiation week.
Source: SoSoValue
As underlined, this net in net capital of $ 260 million on Friday brought the weekly Bitcoin Bitcoin ETF file based in the United States to a total positive influx of more than $ 603 million. In particular, this positive weekly performance represents the fifth consecutive week of capital influx for financial products linked to the crypto.
However, it should be mentioned that the weekly total of the influx seems to be in a downward trend, with the summit in mid-April when the Bitcoin ETF recorded their second best weekly performance. According to SOSOVALUE data, the BTC -negotiated BUTCHED Fund has recorded more than $ 3 billion in the weekly entry between April 20 and 25.
The American Bitcoin ETF market has crossed the $ 1 billion bar during the last week of April, displaying approximately $ 1.8 billion in the cumulative weekly entry. With the sustained decline in the influx of capital, it seems that fatigue could slip among the ETF investors in the United States.
Bitcoin Price at a glance
As we can see with the action of bullish prices at the top of recent ETF activity, the BTC price still reacts to the performance of Bitcoin ETF based in the United States. Consequently, investors might want to approach the market with caution, in particular given the drop in capital entrances to the FNB.
To date, the price of the BTC amounts to around $ 103,362, not reflecting any significant movement in the last 24 hours. This one-day action highlights the difficulties of the first cryptocurrency in a consolidation range during last week.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
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