The post Weekly Spot Bitcoin ETF Report: Insights After Its Second Trading Week appeared first on Coinpedia Fintech News
The Spot Bitcoin Exchange-Traded Fund (ETF) has wrapped up another week on US stock exchanges, continuing to develop positive sentiment among Bitcoin holders. Despite the ETF’s debut initially triggering bullish market sentiments, it didn’t send Bitcoin’s value beyond its resistance levels, instead prompting a ‘sell the news’ reaction that saw BTC prices dipping to newer lows this week. Moreover, this week witnessed a declining investor interest in the ETFs, a trend reflected in the on-chain data.
Inflow Of Spot Bitcoin ETF Touches New Low
This week saw a decline in interest for the spot Bitcoin ETFs as they touch low inflow volumes following Bitcoin’s trade near the $38K mark. Enthusiasm for the highly anticipated spot Bitcoin ETFs seems to be declining, with Wednesday recording the lowest daily inflow of investments since their inception on January 11.
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