On Wednesday, the data for the $BTC spot ETF significantly shrank.

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Phyrex
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22 hours ago

On Wednesday, the data for the $BTC spot ETF saw a significant decrease, likely due to investors' risk aversion ahead of the interest rate meeting and concerns about the Federal Reserve's interest rate adjustments. Yesterday's net inflow was only in double digits, with BlackRock investors purchasing fewer than 300 Bitcoin. The overall market sentiment has once again declined; although prices remain relatively stable, positive news is still needed to boost investor sentiment.

While ETF data does not equate to BTC prices, ETFs serve as excellent sentiment indicators, reflecting the enthusiasm of traditional U.S. investors towards BTC. The current decline in overall ETF purchasing power may lead to increased price volatility for BTC and could indicate a reduction in capital flow.

Data source: https://docs.google.com/spreadsheets/d/1N8YIm1ZzDN197hMAlkuvH3BgFb8es0x1y4AJLCbDPbc/edit?usp=sharing

This article is sponsored by #Bitget | @Bitget_zh

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