The Bitcoin ETFs (Exchange-Traded Funds) Already yesterday the fifth day in a row had net drains-despite an overall positive market development. While Bitcoin (BTC) Again over the $ 80,000 mark and the derivative markets also show bullish signals, the interest of institutional investors in the USA remains surprisingly behavior.
$ 127 million drains in just one day
According to data from Farside investors The Bitcoin ETFs recorded net drains of $ 127.2 million yesterday. The largest funds relied on the ETF of Blackrock (IBIT) with $ 89.7 million, followed by Grayscale, which lost $ 33.8 million.
This was already the fifth trading day in a row, from which Bitcoin ETFs suffered from capital outflows. This indicates falling trust in institutional investors – or at least to a waiting attitude despite increasing courses.
Markets on the upper aus – Bitcoin included
Particularly striking: while the ETFs empty, the classic financial markets recorded strong gains. The US-Leitndices S&P 500 and Nasdaq yesterday achieved the highest daily growth in years. Bitcoin was also able to gain vigorously – almost 8.5 % in a single day.
The reason for this was the decision of US President Donald Trump to initially suspend new import tariffs for 90 days-with the exception of Chinese products. This announcement ensured relief in the markets worldwide.
View of the CPI publication
Today there is another important date: the announcement of the US consumer price index data (CPI). This index measures the average prices for goods and services in the USA.
A low CPI value could increase hope for interest rate reductions- and thus further inspire both stock and cryptoma markets. A high value, on the other hand, could slow down the upward trend.
Bitcoin derivative markets show strength
In addition to the spot performance, the derivative market analysis also delivers bullish signals. According to the Coinglass, this is Open Interest (Oi) from Bitcoin futures since yesterday by 10 % to over $ 55 billion.
An increasing OI means that new trading positions are opened – an indication of increasing market activity and investor interest. At the same time, the funding rate is positive, which shows that more investors rely on rising courses than on falling.
The current contradiction between ETF drains and a bullish overall market raises questions. It could be a short-term tactical replacement-or uncertainty in the institutional camp before the CPI publication. However, it is clear: the Cryptoma market Shows strong recovery tendencies.