The context: BIC ACTE ETF presents the latest news in funds negotiated on the stock market (ETF) on Bitcoin as well as on all products derived from the BTC. Although this figure remains modest, it marks a notable change in feeling as well as the first sign of a revival of institutional appetite for an exposure to bitcoin through regulated funds. The ETF Bitcoin records modest entries after 7 days of vacuum last week, the Bitcoin investment funds recorded $ 713.30 million in net outputs while the entire Crypto market struggled to keep in front of the growing impact of fears of trade war. However, the trend could ultimately start to reverse. On Monday, the ETF BTC in cash sides in the United States finally recorded $ 1.47 million in net entries, marking the first capital flow to these funds since April 2. Although the amount remains modest, it puts an end to a period of almost two weeks of lack of fundraising and could this time indicate a progressive change in institutional feeling towards the BTC. Net entry of Bitcoin ETF in cash. Source: Sosovalue The largest daily net entry comes from the Ibit of BlackRock with $ 36.72 million. This carries its total cumulative net entries to $ 39.60 billion. On the other hand, the FBTC of Fidelity recorded the biggest net outing on Monday, losing $ 35.25 million in a single day. The market for products derived from the BTC is heating up * on the side of Bitcoin derived products, the open interest of future (or term contracts) of the BTC has increased slightly in the last 24 hours, reporting increased activity on these products. At the time of writing this article, this interest amounts to $ 56 billion, up 2 % during the last day. It is interesting to note that during the same period, the price of the BTC climbed 1.22 %. Open interest of future BTCs. Source: Co -Correglass The open interest of future BTCs also refers to the total number of current contracts in progress which have not yet been settled. Thus, when it increases during an increase in price like this, it suggests that new capital enter the market to support the upward movement, potentially strengthening the bruise of the asset. However, there is a small downside. Although the open interest of BTC future has increased, the nature of these new positions seems to be down. It is indeed noted in the rate of financing of the part, which has become negative for the first time since April 2. BTC financing rate. Source: Co -quince so it means that more Bitcoin traders pay to maintain short rather than long positions, suggesting that an increasing number of market participants are betting on a potential decline in the course despite the modest entries in ETFs in cash. In addition, the mood remains cautious on the side of the options. Today, there are more sales contracts than purchase, indicating that some traders could cover their bets or anticipate a new drop in the BTC, even if other indicators become bull. Open interest of BTC options. Source: Deribit, however, for Bitcoin funds, any entry after two weeks of shortage is perceived as a victory. While the general feeling of the market towards the crypto n ° 1 becomes more and more bullish, it remains to be seen if this trend could continue for the rest of the week. Morality of history: Bitcoin ETF only hate the void. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
