Return of organizations to Bitcoin ETFs! A spark to start a cow rally?

After seven days of capital withdrawal from the Bitcoin ETF funds, institutional investors appear to be interested in these funds again.

For the first time since April 1, ETF Spax Bitcoin Funds again saw capital arrival and raised $ 1.5 million new capital.

Although this figure may seem insignificant, it may be a sign of the gradual change of attitude and the return of financial institutions to bitcoin through legal products.

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Last week, the total capital outflow of Bitcoin funds reached $ 1.5 million. The exit trend intensified with the rise of tensions caused by Donald Trump’s commercial war.

However, there are now signs of recovery. The Blackrock IBit Fund registered the highest daily capital entry and attracted $ 1.5 million.

Thus, the fund’s net input reached $ 1.5 billion. In contrast, the Fidelity FBTC Fund was on the same day with a $ 1.5 million out.

In the derivative markets, the index of Bitcoin futures has increased by 2 percent to $ 5 billion in the past four hours. At the same time, the price of Bitcoin has risen by 4.9 percent.

This growth shows that new capital has entered the market, but on the other hand, Bitcoin Funding has been negative for the first time since April 5; A topic that shows that more traders are closed on reducing the price.

In the optional market, the number of PUT contracts is greater than that of Call (CALL), which represents the cautious look of traders on the future market trend.