- Weekly outflow of funds from spot bitcoin ETF amounted to $ 1 billion
- Investors have switched to AI stocks, which continue to grow.
Over the past trading week, issuers of US spot BTC-ETF recorded an outflow of $1 billion, ending a six-week period in which $3,4 billion was raised.
According to SoSoValue, the week started for Bitcoin-funds are doing well: on Monday (May 11), they attracted $27,29 million. An influx of funds was also recorded on Thursday (May 14), when investors invested in BTC-ETF Almost $131 million. On Tuesday, Wednesday, and Friday, issuers posted negative values of $233,25 million, $635,23 million, and $290,42 million, respectively. As a result, the week ended with a net capital outflow of $1 billion.
Experts from Bitunix explained negative This week’s results suggest that capital is actively shifting toward the “growth prospects of artificial intelligence.” Last week, shares of NVIDIA, Google, and Apple reached new all-time highs, while shares of AI chipmaker Cerebras rose more than 70% on the day of its IPO.
Bitunix also noted the fluctuations in Bitcoin this week, which has fallen 2,15% over the past seven days to $78,499.
The current price action suggests that the market has clearly entered a phase of high volatility, as capital anticipates further developments in three dominant macroeconomic themes: the spread of artificial intelligence, US-China relations, and cryptocurrency regulation, the analysts wrote.
For ETH-ETF This week was also unprofitable. In total эфириум- funds lost $254,46 million in five days.
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