Since the launch of Bitcoin spot ETFs in the United States, institutional investors have been acquiring more and more BTC. However, this growth is not linear and leaves room for investment opportunities. You still need to have the necessary tools to know the trends of Bitcoin spot ETFs. Here are 3 free tools to find out if institutional investments are bullish or bearish on BTC spot ETFs.
Are Spot Bitcoin ETFs Bullish?
Over the past 6 months, the Bitcoin price has seen a significant increase of 75%. The reason for this growth is the launch of several Bitcoin spot ETFs by the largest American financial institutions. After long weeks of accumulation, their issuers now hold 4.5% of all BTC in circulation.
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However, where can we find figures that demonstrate this buying pressure? The 1st tool in our top 3 is the community data aggregator Dune. Among the millions of figures and statistics accessible on this platform, a dashboard is dedicated to the status of live spot Bitcoin ETFs.
The main graph to remember is the comparison between the different ETFs in terms of financial capitalization. We observe that the ETF of the financial giant BlackRock is gradually overshadowing that of Grayscale, while increasing the amount of BTC under management of the entire sector.
Valuation of BTC held by US spot Bitcoin ETF issuers, in dollars – Dune
Despite the latest Bitcoin turmoil, ETF issuers continue to accumulate BTC over the long term. The financial capitalization of the sector is currently at $60 billion, a number that represents an important resistance zone. A break above this could prove decisive in ensuring a bull run for Bitcoin, but also for altcoins.
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Moreover, other tables provide valuable information on the inflows and outflows of each ETF. By analyzing the net liquidity of the market on a weekly scale, Bullish and bearish trends become visible at a glance :
US Spot Bitcoin ETF Inflows and Outflows, in Dollars – Dune
In the graph above, Bitcoin Spot ETFs Record 4 Consecutive Weeks of Gains since July 2024, for a total of $2.9 billion in net inflows. If similar positive results take place in the coming weeks, the bullish trend could lead Bitcoin to surpass its ATH at $73,000.
James Check, former chief analyst at Glassnode, has spent a lot of time polishing an on-chain news site. Among the data shared for free to his community is a section on Bitcoin ETFs. After discovering Dune, let's dive into this 2nd site called… [70% de l’article restant]
