Bitcoin ETF outflows are picking up again

[Renampun]

Could just be some profit taking, or maybe people are getting a bit more cautious.

It could be profit-taking, more people adjusting their investments, it could be anything, no one knows for sure.. but the market in the past little while has been tending to be bearish, so the outflow from the Bitcoin ETF could be a sign that investors are becoming more cautious about market movements.. but this might be a short-term reaction, because I think most people who play in ETFs are investors who can be quite reactive to what happens in the market.. and when the market starts showing a bearish trend, they may choose to reduce their exposure temporarily, and vice versa.. this is just something that normally happens in the market.

[Lucius]

People who invest in BTC through ETFs do so exclusively for profit, and if at all possible short-term. For ordinary people, 5% or maybe 10% does not seem like much, but for those who invest millions, the profit is very significant. Someone who invested $10 million in BTC and sold at a price 10% higher made $1 million (minus taxes, of course). Not bad for a week of doing absolutely nothing, right?

With people who don't want to actually invest and don't care to secure their own non custodial wallets, Bitcoin Spot ETFs are their favorite choices because there are entities (Spot ETFs, and custodians like Coinbase) to secure bitcoins for them. They simply spend money, and wait for good news from the market to take profit, the remaining things will be all done by Coinbase and Spot ETFs.

Like using all services, they must pay fees for Bitcoin Spot ETFs from 0.19% to 0.30%
https://blockworks.com/analytics/bitcoin-etf/tracker

For those who have a lot of money and are somewhat intelligent, all they need to know is to click the Buy/Sell button at the right time - much easier than having an account on some CEX, right? In this specific case, "not your keys, not your coins" is not something such investors need to worry about.

[I_Anime]

Just noticed that US spot Bitcoin ETFs had around $460M in net outflows this week.
Last week was almost the opposite, with close to $1B coming in, so that's a pretty noticeable change.

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

Bitcoin has been consolidating for a while now . During the recent pump I thought bitcoin was heading to the price range of $82k, at the end it was only able to reach the price range of $79k which was quite close . $82k range is acting as a strong Resistance If BTC breaks and holds above it, the next major area I’m watching is around $100K . Same goes for breaking the $75k range which act as  support , there are chances we might go down to the range of $65k . For now I’m watching how price reacts around these key levels, while I continue my DCA.

[Luzin]

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

I think this is normal. We know the global economic conditions are not good. The central banks of several developed countries have raised interest rates. The latest rate hike by the FED seems to be a warning. The market might currently not be doing well. Investors might be trying to make profits to secure their assets. But I’m not exactly sure, because the market is always fluctuating and very hard to predict. Maybe right now the best thing to do is to wait and see where the market will go. At least we try to minimize losses.

[CryptopreneurBrainboss]

I think this is normal. We know the global economic conditions are not good. The central banks of several developed countries have raised interest rates. The latest rate hike by the FED seems to be a warning. The market might currently not be doing well.

It surely isn't and we can see how it's affecting every aspects of the economy with many companies increasing their prices but reducing other things just to cut expenses to just be in profits. News about money leaving the market for now shouldn't be a shocker anymore as we're in a bear season (because it seems many of us are forgetting that's happening) and this is because of the few spikes we see every now and then. By the way OP, what's the update about the situation was their more inflow or outflow this week? It's more than 1 week already but irrespective of what the direction is still that doesn't give us a clear direction of what's going to happen as the flow of money can always change and it seems like nothing ever happend.

[nelson4lov]

I don't know if we are still in a bear market but after seeing more ETF inflows into Bitcoin and the rest of crypto in these recent months, I can say with some level of conviction that we may have seen the worst of the bear market and the bottom is already in. This is a good time to be in bitcoin as a lot of countries including US are knee-deep in inflation right now. ECB hike recently, FEDs hiked and even BOJ hiked earlier today.

Rate hikes are supposed to be bearish events especially for a bear market but not this time.

[Alphakilo]

Just noticed that US spot Bitcoin ETFs had around $460M in net outflows this week.
Last week was almost the opposite, with close to $1B coming in, so that's a pretty noticeable change.

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

Bitcoin has been consolidating for a while now . During the recent pump I thought bitcoin was heading to the price range of $82k, at the end it was only able to reach the price range of $79k which was quite close . $82k range is acting as a strong Resistance If BTC breaks and holds above it, the next major area I’m watching is around $100K . Same goes for breaking the $75k range which act as  support , there are chances we might go down to the range of $65k . For now I’m watching how price reacts around these key levels, while I continue my DCA.

It's a wise decision to DCA regardless of price movement or market sentiment because panic selling is more as a result of price rise or drops below a certain level in the market and it also ascertain the level of stability in the market, which is more important for the traders and those taking quick profit from the market than the holders who care less unless their due duration of liquidation or diversification is near.

[EluguHcman]

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

Really I have not read about any institution buying Bitcoin recently so I don't know about the attributes of the ETF or the force behind the current market sentiment as the trends had continued to be bullish again recovering from the mid $70K up to upper boundaries of $80K again which is currently perching on the previous resistant in the range of $81K-$82K.

Maybe there may had been some positive news driving this force which the ETF flows will definitely be key players.
Perhaps it is obvious that there had been more inflows than outflows of the ETF.
With this intensity, there is probability that we might see $90K because if price can approach the higher resistance at $88K as the trend keep going greenish, we might experience a break out.

[Abiky]

Just noticed that US spot Bitcoin ETFs had around $460M in net outflows this week.
Last week was almost the opposite, with close to $1B coming in, so that's a pretty noticeable change.

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

It's profit taking for sure. Big investors are riding the "pump" by selling BTC for profit. When prices lower, they just buy more BTC at a discount. It's what Saylor's Strategy company has been doing lately. Personally, I think we'll see another week of net ETF outflows, especially when the US Clarity Act did not pass. There will be a bearish sentiment on the market, albeit for a short period of time.

Just remember that Bitcoin is a long-term thing. Eventually, ETF inflows will rise, resulting in higher market prices for the cryptocurrency. I'm in no hurry to see this happen. Just my two sats.

[fullfitlarry]

Yeah, that's what I read from several sources that the current pump to $81k-$82k was due to the huge inflows of Bitcoin ETF. As compare to the last two days which is very negative. So it did catch up in the last 24 hours so we are all good for now.

But we don't know if this is just another manipulation and what follow next is a correction again. So we will see, we still have at least 2 weeks or less in this month. And as others said, the September used to be negative, but perhaps this year will be different.

[shinratensei_]

People who invest in BTC through ETFs do so exclusively for profit, and if at all possible short-term. For ordinary people, 5% or maybe 10% does not seem like much, but for those who invest millions, the profit is very significant. Someone who invested $10 million in BTC and sold at a price 10% higher made $1 million (minus taxes, of course). Not bad for a week of doing absolutely nothing, right?

With people who don't want to actually invest and don't care to secure their own non custodial wallets, Bitcoin Spot ETFs are their favorite choices because there are entities (Spot ETFs, and custodians like Coinbase) to secure bitcoins for them. They simply spend money, and wait for good news from the market to take profit, the remaining things will be all done by Coinbase and Spot ETFs.

Like using all services, they must pay fees for Bitcoin Spot ETFs from 0.19% to 0.30%
https://blockworks.com/analytics/bitcoin-etf/tracker

For those who have a lot of money and are somewhat intelligent, all they need to know is to click the Buy/Sell button at the right time - much easier than having an account on some CEX, right? In this specific case, "not your keys, not your coins" is not something such investors need to worry about.

A lot of ETF buyers are fund manager overseeing institutional funds, it's not because they don't need to worry about self custody but they can't. By the law self custody for these kind of funds aren't allowed unless you delegated to qualified custodian and it'll add shit ton of expenses, the only logical way is of course ETF. Simply put, self custody for fund managers are out of the option.

[GreatArkansas]

Just noticed that US spot Bitcoin ETFs had around $460M in net outflows this week.
Last week was almost the opposite, with close to $1B coming in, so that's a pretty noticeable change.

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

For me one week outflow after a huge inflow week is not surprising. ETF money move fast compare to people who self custody.
This could be also coincidence especially the monthly close is approaching, and as we all know we recently went above $70,000 so quick.

I don't try to call next week from this. Multi-week trend more useful for me, and I still just DCA long term.

[BlackBoss_]

For me one week outflow after a huge inflow week is not surprising. ETF money move fast compare to people who self custody.
This could be also coincidence especially the monthly close is approaching, and as we all know we recently went above $70,000 so quick.

I don't try to call next week from this. Multi-week trend more useful for me, and I still just DCA long term.

Short term is volatile, while long term is rocky in terms of market growth. Time just flies and Bitcoin has better and bigger adoption with time quite naturally. If we are aware of such things, and plan our investment well enough, we will comfortably ignore short term volatility, uncertainty and a lot of fuds, in order to focus on long term with accumulation and strongly holding for our investment portfolios.

Bitcoin grows in both development, network expansion, security improvement, adoption that all are unstoppable fuels for value growth and price growth.

If we can accumulate, can hold, we will be able to get very good profit with our bitcoin and portfolios.

Visit Case Bitcoin (useful) to have more information about these Bitcoin facts.

[coinrifft]

I don't know if we are still in a bear market but after seeing more ETF inflows into Bitcoin and the rest of crypto in these recent months, I can say with some level of conviction that we may have seen the worst of the bear market and the bottom is already in. This is a good time to be in bitcoin as a lot of countries including US are knee-deep in inflation right now. ECB hike recently, FEDs hiked and even BOJ hiked earlier today.

Rate hikes are supposed to be bearish events especially for a bear market but not this time.

And that could be that the market are maturing and does not affected by this kind of news unlike before, one bad news and the market will go red. But perhaps with so many stakeholders, we might have learn already that this kind of news should not be taken as negative, but instead it could fuel and pour money in the market to push it above $80k again.

And perhaps there are also a lot of liquidations, so after that, they go back to the market again and try to make and squeeze more money that's they the price suddenly go up and almost everyone didn't anticipate it.

[wapwapwendy]

Just noticed that US spot Bitcoin ETFs had around $460M in net outflows this week.
Last week was almost the opposite, with close to $1B coming in, so that's a pretty noticeable change.

BTC BTC has also been struggling around the $80k area and is back around the high $70ks now.

Not saying this automatically means we're heading down or anything, but it's interesting to see the ETF flows changing this quickly.
Could just be some profit taking, or maybe people are getting a bit more cautious.

Do you think we'll see another week of net ETF outflows, or could the inflows start coming back already?

ETF flows can change pretty quickly, so I wouldn't read too much into one week alone. If outflows continue for several weeks though, that would be harder to ignore. For now, I'd just keep an eye on the next few reports.

[Fiatless]

I don't know if we are still in a bear market but after seeing more ETF inflows into Bitcoin and the rest of crypto in these recent months, I can say with some level of conviction that we may have seen the worst of the bear market and the bottom is already in. This is a good time to be in bitcoin as a lot of countries including US are knee-deep in inflation right now. ECB hike recently, FEDs hiked and even BOJ hiked earlier today.

Rate hikes are supposed to be bearish events especially for a bear market but not this time.

This period has been challenging for the global economy. The tariff war spat and the wars have affected the economy negatively. I believe that Bitcoin's price would have risen more than the current ATH if not for these economic distractions. You are right that the US interest rate policy normally affects the price of Bitcoin. But we are not seeing that, which might be pointing to the fact that the Bitcoin market is maturing. Some crypto analysts are pointing to the falling oil price as one of the major reasons for the rise in Bitcoin. However, I don't think the worst is over. The price might still drop further before we enter the bull season.

[pooya87]

Some crypto analysts are pointing to the falling oil price as one of the major reasons for the rise in Bitcoin.

Oil price has been on the rise over the past month and is currently at one of the highest levels it has ever been ($104 fake price reported on the internet, $150-$170 real price being traded in real world by tankers). Apart from that, the second part of your post is correct. When energy price soars, it creates inflation and with inflation price of everything including bitcoin goes up specially since people seek store of values and bitcoin is an excellent SOV.

So the increased energy price has contributed to bitcoin rise to some extent.

[tiCeR]

Oil price has been on the rise over the past month and is currently at one of the highest levels it has ever been ($104 fake price reported on the internet, $150-$170 real price being traded in real world by tankers). Apart from that, the second part of your post is correct. When energy price soars, it creates inflation and with inflation price of everything including bitcoin goes up specially since people seek store of values and bitcoin is an excellent SOV.

So the increased energy price has contributed to bitcoin rise to some extent.

The energy market is one of the most obscured markets there exist, but it's an interesting one once you either have insights because of your profession or if you dig into it yourself, but hardly anyone does that. You are absolutely right that the prices being paid for a barrel have nothing to do with what is shown on the internet or brokers or exchanges. It's the paper vs. physical oil/gas deception, which stems from the fact that future contracts are settled in cash and no physical oil ever changes hands. If alllll those traders were to go and try to buy a physical barrel of oil, the surprise would be huge.

The refineries don't care how much they pay because the paradox is that in times of crisis, when there are countless of Western sanctions and geopolitical tensions, refineries can still dictate the price because that is exactly the time when governments can't choose to turn down offers for energy supplies. The energy business always profits. Either from cheap prices during relatively peaceful times, or from high prices during times of war because that usually leads to energy shortages and gives them leverage for negotiation.

There is much more to understand about that market, it is a mess.

[goldkingcoiner]

Some crypto analysts are pointing to the falling oil price as one of the major reasons for the rise in Bitcoin.

Oil price has been on the rise over the past month and is currently at one of the highest levels it has ever been ($104 fake price reported on the internet, $150-$170 real price being traded in real world by tankers). Apart from that, the second part of your post is correct. When energy price soars, it creates inflation and with inflation price of everything including bitcoin goes up specially since people seek store of values and bitcoin is an excellent SOV.

So the increased energy price has contributed to bitcoin rise to some extent.

^
This is the best answer. And it really makes sense as well: Bitcoin demands energy, which mostly comes from fuel, which is currently going up in price.