There is a clear return of US-listed spot bitcoin ETF funds. According to Farside Investers, the total net inflow of such products on Thursdays was $223.5 million, ending the net outflow of 10 consecutive trading days. For the first time since the beginning of May, net single-day inflows have again exceeded $200 million.

FBT and ArkB drive back.

That day, funds went mainly to a small number of head products. Under the flag of Fidelity, the Wise Origin Bitcoin Fund (FBTC) net inflow was $166 million, representing the bulk of the total inflow at that date. ARK 21 Shares Bitcoin ETF (ARKB) net inflows of $91.8 million were also at a high level.

  • HODL net inflows to VanEck $4.4 million
  • BRRRR net inflows to Valkyrie US$ 1.7 million
  • IBIT was still out that day.

Rehabilitation after pressure in June

This turnback took place after the American spot bitcoin ETF experienced weakness in June. Data were cited to suggest that the cumulative net outflow of such funds in June was about $4.5 billion, one of the less performing months since the products were listed.

The improvement in ETF funds was accompanied by a simultaneous rebound in the spot price of bitcoin. Before being pressured, the BTC once fell by $59,000, then rose by more than 1 per cent in the last 24 hours, repositioning on $61,000.

Market sentiment is still cautious.

Despite the short-term warming of the financial landscape and prices, there has not been a significant increase in market sentiment. The report mentions that the encryption market fear and greed index is still in the “extreme fear” zone, indicating that investors as a whole remain cautious.

The Chief Investment Officer of Bitwise, Matt Hougan, recently indicated that the market may be approaching the bottom of the phase, with some institutional funds or using lower prices to increase allocation. At the same time, the article noted that extreme fear had often been in the vicinity of low markets in the past, but that such sentiments could also be maintained for a longer period of time during the period of continued volatility.