Last Monday, April 7th, was a difficult day for the market of Bitcoin-Exchange fund (ETFs). In total, investors withdraw $ 103.9 million from these financial products.
Not a single fund recorded a positive investment amount. It seems that investors are trying to avoid risks, especially because of the increasing geopolitical tensions.
Grayscales Bitcoin Fund loses the largest amount
The greatest The drain came again From Grayscale’s Bitcoin fund, who saw $ 74 million. Other well -known names such as Investco and ARK Invest also found it difficult to feel. It was striking that the funds from Blackrock and Fidelity remained at zero; No drain, but also no inflow.
The drains collapse on the financial markets with great unrest. On Monday, more than $ 1 billion in positions were liquidated by sudden price fluctuations. The reason for this was the much -discussed trade voltages between the USA and China and the possible break in American import duties of 90 days, but this turned out to be a false report afterwards.
Unrest causes fluctuating crypto courses
These movements show how sensitive the market reacts to political and economic tensions. ETFs react directly to the sentiment of professional investors, because they adapt their positions in the event of uncertainty. According to analysts, there is a great chance that the outflows will increase even further as long as the volatility continues.
Nevertheless, there are also positive developments, on April 2, $ 218.7 million of new money in Bitcoin-Etfs invested. This came mainly from the Fonds Fidelity, BitWise and Ark. This shows that trust has not yet disappeared completely, but that investors wait and see for the time being.
Investors are waiting for what the market is doing
The coming days will in turn be exciting for both the cryptom market and the wider stock markets worldwide. The geopolitical tensions are large and the trade war does not seem to be over for the time being. If the tensions continue to rise, investors will continue to get out. If there is positive news for the economy and regulation, this in turn can cause new inflows.
At the moment it is completely unclear for most investors, and if there is ambiguity, investors often prefer to wait. An example of this is Warren Buffett, who is currently sitting on a big bunch of cash. He waits up to the moment he thinks it’s good to get in again.