Bitcoin ETFs End 7-Day Outflows With $355M Inflows Amid Improving Liquidity
Summary
US spot Bitcoin exchange-traded funds (ETFs) broke a seven-day streak of net outflows by attracting $355 million in inflows on Tuesday, coinciding with signs of improving global liquidity. BlackRock’s IBIT led the inflows with $143.75 million, followed by ARKB and FBTC. This turnaround followed $1.12 billion in cumulative net outflows over the preceding seven trading days, with December seeing significant outflows amid thin year-end liquidity. Analysts, including Arthur Hayes, suggest that global dollar liquidity likely bottomed in November and is now increasing, which favors a renewed push in crypto markets. Other commentators pointed to rising money supply measures and upcoming Federal Reserve injections as bullish indicators for the liquidity cycle. Furthermore, spot Ether ETFs also ended a four-day outflow streak with $67.8 million in inflows, while spot XRP ETFs extended their inflow streak to 30 days.
(Source:Cointelegraph)