Are you interested in the latest trends and updates in the stock market and trading world? Look no further than Extreme Investor Network for unique and valuable information that will set us apart from the rest. Let’s dive into the recent data from Farside Investors regarding the BTC-spot ETF market.
On Thursday (April 25), GBTC saw net outflows of $139.4 million, indicating a negative trend from the previous day. Fidelity Wise Origin Bitcoin Fund (FBTC) also experienced net outflows of $22.6 million, the first since its launch in January. Meanwhile, iShares Bitcoin Trust (IBIT) had neutral net flows for the second day in a row.
The market conditions did not improve on Friday (April 26) either. GBTC continued to see net outflows, this time amounting to $82.4 million. FBTC and Bitwise Bitcoin ETF (BITB) also saw outflows, while ARKB recorded net inflows of $5.4 million.
In terms of technical analysis, BTC remained below the 50-day EMA but above the 200-day EMA. A break above $64,000 could lead to a move towards the 50-day EMA and potentially reaching the $69,000 resistance level. However, a drop below $62,500 could signal a fall to the $60,365 support level.
Stay tuned for more updates on the BTC-spot ETF market and valuable insights into Bitcoin analysis. Extreme Investor Network is your go-to source for in-depth analysis and unique perspectives on the stock market and trading world.
