Matrixport: Bitcoin ETFs See $11.2 Billion Net Inflows Over the Past Eight Weeks, Overall Bullish Thesis Remains Intact

Matrixport’s daily chart analysis notes that over the past eight weeks, Bitcoin ETFs have attracted a total of $11.2 billion in new inflows, yet the price of Bitcoin has only risen by about 10%. This modest increase may indicate that some market participants are taking advantage of the momentum to sell, or are waiting on the sidelines before re-entering the market. Overall, the bullish narrative remains intact: the Bitcoin market has established a stable base of buying support. Although the sources of buying continue to shift, ETFs have seen virtually no sustained net outflows. Compared to the period during Trump’s election, MicroStrategy’s current pace of accumulation has slowed slightly, but steady capital inflows continue to provide solid support for Bitcoin’s price.