In the curious case of Fidelityâs FBTC, a veritable exodus of $93 million occurred, yet, like a phoenix from the ashes, the fund had miraculously garnered $97.1 million the day prior. Friday’s trading saw a modest increase in the to-and-fro of Bitcoin ETFs, with a sum total of $2.2 billion changing handsâa spectacle that suggests market participants are merely dipping their toes in the digital currency pond.
Institutional Investors: The Reluctant Suitors of Bitcoin
The ten-day love affair with inflows, which culminated in a billion-dollar embrace, was termed ârelatively modestâ by the ever-so-eloquent Min Jung of Presto Research. It appears institutional investors are playing a game of hard-to-get, yet there remains a steadfast, if not feverish, demand for a taste of Bitcoin. Jung posits that this is a sign of cautious optimismâor perhaps just cautiousness with a side of optimism.
Bitcoin’s Q1 Elegy: A Bearish Ballad
As the inflow streak breathes its last, Bitcoin finds itself in a rather unenviable position, potentially facing its most grim Q1 close since the bygone days of 2018. As of this writing, the digital monarch has taken a 2% hit in the past 24 hours, according to the ever-so-reliable CoinMarketCap.
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2025-03-29 23:01