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Negative run at Bitcoin Spot ETFs continues

After a brief respite, the negative run in Bitcoin Spot ETFs continues again.

By Mike Hesp
• 2 min read
Negative run at Bitcoin Spot ETFs continues

After a brief respite, the negative run in Bitcoin Spot ETFs continues again. In the long run, however, BTC exchange traded products remain a great success.

On September 11, the Bitcoin Spot ETF's reflow worth $43.9 million.

In the previous two days, after a longer negative range, there were net inflows. A total of $146 million was invested, most of which came from the Fidelity product FBTC.

Overall, however, BTC exchange products launched in January have fared very poorly in recent weeks: about $1.18 billion has flowed out since Aug. 27.

This also affects the Bitcoin exchange rate. The largest cryptocurrency by market capitalization has barely moved in the past 30 days with a two percent decline.

A well-known saying in the stock market: "When in doubt, zoom out." Although short-term declines can make an investment seem unattractive, long-term value often rises - at least with Bitcoin.

Since the beginning of the year, the leading cryptocurrency has risen a whopping 38 percent, outperforming gold, the Nasdaq100 and many other traditional assets.

Bitcoin Spot ETFs are also - despite recent net outflows - among the most successful Exchange Traded Funds ever. Since trading began, investors have purchased Bitcoin worth $17 billion through the ETFs.

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