The Bitcoin ETF has accomplished a lot this month, from the market crash to boosting it. ETFs or Exchange traded fund is the new hype among investors, especially with the new options joining the market. Though Bitcoin ETF approval took years of discussion, it all was worth it after the demand peaked right after its launch.
Eventually, it has also made it easy for other altcoins to enter the ETF market. Ethereum and Solana ETFs are already in process, and many will follow soon.
Bitcoin ETF Net Flows Wild Ride
June has been the craziest of all the months, especially because of the last week. During these seven days, the net flow was not only in loss, but the quantity of the loss was panicking, and many questioned the future.
However, with the beginning of July, things were changing. In the first two days, the Bitcoin ETF Net flow was quite low at $21 M and $12M. However, things moved progressively on the third and fourth day, where the net was around $73M and $129M.
But things went down
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