Matrixport： In the short term, the inflow of Bitcoin ETF funds is difficult to recover, while gold performs better

Odaily Planet Daily News: Matrixport released today's chart stating that the Bitcoin ETF has experienced net outflows for the second consecutive month. Although the inflow of funds has remained positive since the beginning of the year (1.05 billion US dollars), this data is mainly due to a surge of up to 5.3 billion US dollars in January. However, ETFs have shown significant weakness in recent times, especially compared to safe haven assets such as gold, which has continued to hit historic highs. The flow of funds indicates that Bitcoin ETFs still heavily rely on favorable financing rates and arbitrage opportunities, rather than broad investor interest. Given the still sluggish speculative sentiment among retail investors in the cryptocurrency market, it is difficult for Bitcoin ETF funds to see a substantial rebound in the short term.