PANews reported on April 1 that according to Matrixport analysis, Bitcoin ETFs have experienced net outflows for two consecutive months. Although the inflows have remained positive since the beginning of the year (US$1.05 billion), this figure is mainly due to the surge of US$5.3 billion in January. Bitcoin ETFs have performed significantly weaker recently, especially compared with safe-haven assets such as gold, which continues to hit record highs.
Fund flows show that Bitcoin ETFs are still highly dependent on favorable financing rates and arbitrage opportunities rather than broad investor interest. Coupled with the low speculative sentiment of retail investors in the crypto market, it is difficult for Bitcoin ETF fund inflows to pick up significantly in the short term.
