Analysts said spot Bitcoin exchange-traded funds, which posted net inflows last week, have turned to outflows this week. In contrast, leveraged ETFs tied to Strategy have recorded relatively steady positive inflows for seven consecutive weeks. JPMorgan said the buying in those products is mainly coming from retail investors. The bank added that this demand could help support Strategy’s share price and may keep its common stock from falling below the net asset value of the Bitcoin held by the company. The shift highlights a divergence between flows into spot Bitcoin ETF products and investor appetite for leveraged vehicles linked to Strategy.
According to ChainCatcher, analysts said spot Bitcoin ETFs saw inflows last week but have shifted to outflows this week.
By contrast, leveraged ETFs tied to Strategy have posted relatively stable positive inflows for seven straight weeks. JPMorgan said this buying is mainly coming from retail investors and could support Strategy’s share price, helping its common stock avoid falling below the net asset value of the Bitcoin held by the company.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
