US Bitcoin ETF has faced net outflows for six consecutive trading days, with a net outflow of over $500 million on May 1st. All nine ETFs have experienced net outflows. In addition to the fixed net outflow of $167 million from GBTC, even BlackRock IBIT, which has consistently maintained net inflows, showed a net outflow of $37 million. Fidelity Investments’ FBTC also had a net outflow of $191 million, surpassing GBTC. Overall, there was a net outflow of $564 million.
Key entry price: $57,300
According to analyst statistics, the average entry price for ETF buyers is $57,300. If the current price remains below this level, it may lead to greater liquidation in the market, potentially reaching price levels of $55,000 to $52,000.
ETF
BlackRock IBIT
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