Purpose Bitcoin ETF sees over $6M in inflows in past week

Definition The number of bitcoin flowing from/to the Purpose Bitcoin ETF. Quick Take Over 300 BTC have been added to the ETF for over three months, equating to over $6M. Back in June 2022, during the Luna collapse, over 24,000 BTC were liquidated from the ETF holdings. This drop saw the ETF holdings drop from […]

Don't got time to read? Listen it & multi task

Definition

The number of bitcoin flowing from/to the Purpose Bitcoin ETF.

Quick Take

  • Over 300 BTC have been added to the ETF for over three months, equating to over $6M.
  • Back in June 2022, during the Luna collapse, over 24,000 BTC were liquidated from the ETF holdings.
  • This drop saw the ETF holdings drop from 48,000 BTC to 24,000 BTC.
  • Since June, uncertainty has only escalated, which includes the FTX collapse and the ongoing issues with DCG, which has seen institutional appetite muted.
  • However, the price of Bitcoin has retraced the entire FTX collapse price dip, and the DCG/Genesis narrative is slowly ending. This has seen a slight appetite for ETF inflows.
Purpose Bitcoin ETF Flows: (Source: Glassnode)
Purpose Bitcoin ETF Flows: (Source: Glassnode)
Purpose Bitcoin ETF Holdings: (Source: Glassnode)
Purpose Bitcoin ETF Holdings: (Source: Glassnode)

The post Purpose Bitcoin ETF sees over $6M in inflows in past week appeared first on CryptoSlate.

Latest articles by Glenn Nasta

hyrotrade
HyroTrade Cryptocurrency Trading Platform Review and Experience
Voltreum
Voltreum Announces a P2P Blockchain-Based Strategy to Trade Energy
hyrotrade review, trading offers thumbnail
Margin Trading, Copy Trading, Competitions: What Else Does Hyrotrade Offer?
Voltreum
Voltreum – A New Way to Share Energy Through Blockchain Technology
Translate ยป