- Net Inflows and Outflows: Daily net outflow of $237.45M.
- Total Value Traded: $2.34B traded in Bitcoin ETFs.
- Net Assets: Totaling $57.20B across all ETFs.
- Market Value Ratio: ETF market value ratio stands at 4.63%.
Daily ETF Performance Overview
The Bitcoin ETF market saw significant activity with a total net outflow of $237.45 million on August 2, 2024. Despite this overall outflow, some ETFs experienced positive net inflows, indicating selective investor confidence.
Detailed ETF Inflows and Outflows
Net Inflows:
- IBIT: +$42.81M
- BTC: +$9.88M
No Change:
- BTCO: $0
- BTCW: $0
- BRRR: $0
- EZBC: $0
- DEFI: $0
Net Outflows:
- HODL: -$23.05M
- BITB: -$29.38M
- GBTC: -$45.95M
- ARKB: -$87.68M
- FBTC: -$104.10M
Market Trends and Analysis
Total Value Traded:
- The market traded a significant $2.34 billion in Bitcoin ETFs, reflecting high investor activity despite the net outflow.
Net Assets:
- The total net assets across all Bitcoin ETFs amount to $57.20 billion, indicating robust market capitalization.
ETF Market Value Ratio:
- The ETF market value ratio stands at 4.63%, providing insights into the proportion of ETF value relative to the broader market.
Key Takeaways
- IBIT and BTC ETFs showed notable net inflows, suggesting positive investor sentiment towards these funds.
- ARKB and FBTC ETFs experienced the highest net outflows, highlighting areas of potential investor concern or profit-taking.
- Stable ETFs: Several ETFs like BTCO, BTCW, BRRR, EZBC, and DEFI remained unchanged, showing a lack of significant investor movement in these funds for the day.
Strategic Insights
Investors and market watchers can use this data to gauge market sentiment and adjust their strategies accordingly. The high trading volume indicates active participation and could signify potential opportunities for both short-term trading and long-term investment.
For real-time tracking of Bitcoin ETF data, visit https://sosovalue.com/assets/etf
