Bitcoin ETF Net Inflows Resume

Dow Jones
昨天

1146 ET - After a brief break last week, bitcoin ETFs are back to attracting capital from other assets. Bitcoin ETFs recorded a net inflow of $216.7 million Monday, resuming a multi-week streak of inflows that were only interrupted on Friday, according to data from CoinGlass. The uptick in Treasury yields should be a factor pressuring bitcoin, but analysts say that indicators coming later this week look to establish the likelihood of an interest rate hike coming this month -- which may then impact the direction for bitcoin and other cryptocurrencies. "The cryptocurrency could remain at risk as expectations of a more restrictive monetary policy in the United States continued to lift Treasury yields," says Milad Azar of XTB MENA in a note.

 

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