In a market that takes breath after weeks of intensity, Bitcoin (BTC) remains firm around 105,000 dollars, while the quoted funds (ETF) based on the currency record moderate capital tickets after several days of exits.
Tickets have contributed to stabilize the price of Bitcoin, reflecting a balance in the investment fever, while the market pulse remains firm.
Yesterday, June 4, The Bitcoin ETFs captured 87 million dollars In net entrances, as can be seen in the following graph.
Ishares Bitcoin Trust (ibit), managed by Blackrock, led with 284 million of dollars, while Fidelity Wise Origin Bitcoin Fund (FBTC) registered exits for 197 million dollars.
The rest of the ETFs maintained a neutral balance, without entries or significant exits. In contrast, the previous day showed a better performance, with total tickets of 375 million dollars.
The recovery of the ETF arrives after three consecutive days of exits that added $ 1,315 million, an episode that helped take Bitcoin down, after touching a historical maximum of $ 111,000 two weeks ago.
These breaks are cyclic movements that They do not compromise Bitcoin’s long -term bullish trenddriven by institutional adoption and scheduled scarcity of the currency.
It must be taken into account that ETF’s performance directly influences BTC’s price. The managers of these funds must acquire and maintain bitcoin to support their actions. When the demand for these products grows, firms buy more BTC in the marketwhich, by the law of supply and demand, elevates or stabilizes its price, as observed with recent tickets.
On the other hand, cryptootics highlights that June is a month of mixed behavior for Bitcoin: since 2013, Six Junios have closed with positive returns and six with negative returns, which suggests that current stability could be temporary.
