Despite the Fed's working paper, the US BTC-spot ETF market extended its net inflow streak to seven consecutive sessions on Monday, October 21.
Demeester noted that the working paper is the "most aggressive" to come from authorities in all the years he has been following the bitcoin space. He added that the gloves are off now, and it's clear that these central bank economists view bitcoin as an existential threat, which they will attack "by any means possible."
US BTC-Spot ETF Market Sees Seven Straight Sessions of Net Inflows
Despite the Fed's working paper, the U.S. BTC-spot ETF market extended its streak of net inflows to seven consecutive sessions on Monday, Oct. 21. According to Farside Investors:
"IBIT’s inflows were الكبير considering a spike in 10-year U.S. Treasury yields impacted flow tends across the other ten issuers. Notably, investors also shrugged off the Federal Reserve Bank of Minneapolis's case to tax or ban bitcoin."
Bloomberg Intelligence Senior ETF Analyst Eric Balchunas highlighted IBIT's performance in the ETF space, stating:
"IBIT had one hell of a week, +$1.1B in new cash, best week since March, passed VTI for 3rd place overall in YTD flows (insane for new launch, esp late in year, the rest of the top 5 is each over 20yrs and old and over $300B. IBIT’s AUM is $26B which is in top 2% of all ETFs."
Outlook: US BTC-Spot Flows, US Election,っけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけっけ
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