Welcome to Extreme Investor Network, where we bring you the latest insights and analysis on the stock market, trading, and all things Wall Street. Today, we’re diving into the recent trends in the BTC-spot ETF market and what it means for investors.
In the week ending April 26, the BTC-spot ETF market saw net outflows for the third consecutive week. This downward trend coincided with decreasing bets on a September Fed interest rate cut. Despite the highly anticipated Bitcoin Halving on April 20, the market experienced total net outflows of $328.0 million.
Interestingly, as we approach the end of April, the BTC-spot ETF market is facing total net outflows of $130.8 million. If demand doesn’t pick up soon, we could see monthly net outflows for the first time since the market launched in January.
Investor sensitivity to flow trends in the BTC-spot ETF market is expected to intensify this week. The US labor market data and decisions from the Federal Reserve are key focal points. With the upcoming FOMC press conference on May 1, market participants will adjust their expectations for future Fed rate cuts.
Looking beyond the US market, Hong Kong is set to introduce BTC and ETH-spot ETFs on April 30. Inflow trends from these new offerings could potentially offset the recent outflow trends in the US market, providing a new dynamic for investors to consider.
As we navigate through these changes, Bloomberg Intelligence Senior ETF Analyst Eric Balchunas shares his insights on the Hong Kong crypto-spot ETF market. Stay tuned to Extreme Investor Network for more updates and analysis on the evolving world of trading and investments.
