The chain tracking data show that Belet bought about $138.9 million bitcoin on July 15. This movement followed the recovery in Bitcoin prices and also showed that after weeks of careful trade, the Bitcoin ETF market began to recover its financial face.
For the first time this week, there's a clear buy-in.
According to the report, the purchase took place on Wednesday, on a scale of nearly $140 million. According to the article, Belet, which had been selling for some time, has now become a purchaser and has been interpreted by the market as re-energizing its demand for bitcoin ETF.
This is also the first significant increase in bitcoin in Beled this week, as expressed in the text. As market sentiment warms, investors are concerned about whether similar inflows will follow several trading days.
- Purchase time: July 15
- Size of purchase: approximately $138.9 million
- Main background: The recent recovery in bitcoin prices
Bitcoin, ETF, the money's warming up.
According to the article, the purchase was not an isolated event, but part of the renewed institutional interest in the Bitcoin ETF market. In previous weeks, institutional funds had been generally prudent and trade in related products and requisitions had been more restrained.
With the re-emergence of bitcoin, funds began to flow back to the relevant investment products. This buy-in by Belet was seen as a direct signal of a rebound in institutional demand.
XRP ETF Recent Offset
In contrast to bitcoin ETF, XRP ETF has recently slowed down its trade activity. According to the article, in the past few months, XRP ETF performed better than bitcoin and ETF, continuously attracting additional funds.
In recent trading days, however, the XRP-related funds recorded zero net inflows for most of the time, with a uneven performance. According to this article, market concerns are returning to Bitcoin and funds are beginning to tilt towards Bitcoin ETF.