Return of spot Bitcoin ETFs: a path to the next bull run?

The cryptocurrency market is recovering, since Bitcoin decided to return to play above $60,000. Good news which allows us to rekindle the prospect of a bull market that has so far been absent.

As the price of bitcoin continues to trade above $60,000, following the recent macroeconomic data, the market seems to be paying close attention to the performance of the crypto.

As the price of bitcoin continues to trade above $60,000, following the recent macroeconomic data, the market seems to be paying close attention to the performance of the crypto.

With the Fed lowering interest rates and China announcing a $140 billion stimulus plan, to name a few, the narrative appears to be shifting towards a bull run in the digital asset markets.

With the Fed lowering interest rates and China announcing a $140 billion stimulus plan, to name a few, the narrative appears to be shifting towards a bull run in the digital asset markets.

This is further supported by the recent political developments in the US, with Kamala Harris’ support for the crypto economy, and seems to be panning out in the markets.

This is further supported by the recent political developments in the US, with Kamala Harris’ support for the crypto economy, and seems to be panning out in the markets.

While bitcoin has been trading sideways for months now, with the anticipation of a bull run, the entry of an exchange-traded fund in the US has brought a new dimension to the crypto market.

While bitcoin has been trading sideways for months now, with the anticipation of a bull run, the entry of an exchange-traded fund in the US has brought a new dimension to the crypto market.

With the bitcoin ETF now trading for several months, the attention has shifted towards its performance, and its role in driving crypto prices.

With the bitcoin ETF now trading for several months, the attention has shifted towards its performance, and its role in driving crypto prices.

While the narrative has been largely positive, with the bitcoin ETF hitting new highs,踽 a deeper look into the data reveals a different picture.

While the narrative has been largely positive, with the bitcoin ETF hitting new highs,踽 a deeper look into the data reveals a different picture.

Despite the bitcoin ETF seeing another day of inflows, with the BlackRock IBIT ETF seeing inflows of $184.4 million on Friday,彙 the total inflows into bitcoin ETFs were recorded at $105.9 million for the day.

Despite the bitcoin ETF seeing another day of inflows, with the BlackRock IBIT ETF seeing inflows of $184.4 million on Friday,彙 the total inflows into bitcoin ETFs were recorded at $105.9 million for the day.

This is due to outflows from the FBTC and ARKB ETFs, to the tune of $32.2 million and $47.4 million, respectively.

This is due to outflows from the FBTC and ARKB ETFs, to the tune of $32.2 million and $47.4 million, respectively.

According to CryptoQuant analyst Ki Young Ju, these inflows resulted in a net 30-day change in total holdings turning positive once again.

According to CryptoQuant analyst Ki Young Ju, these inflows resulted in a net 30-day change in total holdings turning positive once again.