Matrixport: ETF funds may continue to buy Bitcoin on dips
PANews reported on July 15th that Matrixport stated, Bitcoin spot ETF ended last week's trading with an inflow of $310 million, reaching the highest level in over a month. Previously, ETF fund flows were closely related to inflation data, and last week's CPI data was weaker than expected, so ETF funds may continue to flow in. It is worth noting that the institutional buying initially driven by high arbitrage opportunities has shifted towards retail investors who are less sensitive to stop-loss. This shift could prolong purchasing activity and reduce dependence on macroeconomic data.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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