This week brings $844 million to Bitcoin ETFs
The crypto market is moving sideways, with the bitcoin price at $70,000. Total inflow in Bitcoin ETFs this week (without Friday) was $844 million, according to Farside Investors. I guess tha it would be more than $1 billion for the week.
By comparison, the previous week's outflow was $890.7 million. And the first two weeks of March $4.7 billion. Usually, the market moves following liquidity in Bitcoin ETFs, so this is a good bullish signal for next week.
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BelleWeather : I personally think that it’s always a good time to invest in bitcoin. I will continue to DCA without regard for the price. I’ve a set allocation for bitcoin and other cryptocurrencies/tokens, which I execute each time I’ve ‘new’ money.
That said, now is a particularly opportune moment to invest in BTC. The timing of increase post-halvening is difficult to gauge. And as always, it’s best not to time the market when investing. (Clearly, theee is a ‘timing’ element to directional options trading & trading in general.)
As with equities, such as the stock indices, the trend for Bitcoin is up. Investment sooner is preferable to later. (Unless one invests in an asset class that outperforms BTC -> altcoins. Or if land/RE is exposure is desirable for other reasons (can’t live in the blockchain, tax benefits.)