Amid Bitcoin ETFs $1.7B Net Inflow, a Fall coming soon?

The post Amid Bitcoin ETFs $1.7B Net Inflow, a Fall coming soon? appeared first on Coinpedia Fintech News

Spot Bitcoin ETFs net flows were negative on Friday despite significant inflows recorded by BlackRock, Fidelity, Bitwise, and Ark 21Shares. Spot Bitcoin ETFs witnessed $140 million net outflow on March 1, according to data by Bloomberg and BitMEX Research. The massive $492.2 million GBTC outflow, took the inflows down. But still Bitcoin ETFs managed a $1.7 billion net inflow. Eric Balchunas, senior ETF analyst at Bloomberg also noted at the possibility of inflows getting lower. Recent reports have hinted at a potential correction in BTC price to $42K after bitcoin halving, giving investors another buy-the-dip opportunity. However, the Bitcoin price to $100K prediction still remains.