Bitcoin ETF inflows remain weak amid Fed’s decision

Entrances to the United States take place the FNB Bitcoin remains low for the second consecutive day, the decision of the federal committee on the open market yesterday to maintain unchanged interest rates weighs on the feeling of investors.

According to data From Sosovalue, the 12 ETF Bitcoin of 12 points recorded $ 92.09 million on January 29, continuing the Low input trend For the second consecutive day. The majority of the entries observed during the day came from the Graycale Bitcoin mini-fiducity which attracted $ 106.23 million, followed by FBTC in Fidelity with $ 18.2 million at entrances.

Meanwhile, the Ibit of Blackrock, which was about to hold $ 60 billion in net assets, experienced $ 92.09 million in outings, ending its 9 -day entry sequence. Bitb de Bitwise also reported a net output of $ 3.96 million over the day. The remaining eights BTC have seen flows “0”.

The total negotiation volume for investment products amounted to $ 3 billion on January 29, while their total net assets amounted to $ 121.36 billion, representing 5.88% of the total supply Bitcoin.

Bitcoin ETF entries remained slow after the Federal Open Market Committee decision Wednesday, to maintain unchanged interest rates. The Fed maintained its federal fund rate stable 4.25% to 4.50%, allocating the decision to “somewhat high inflation”, in accordance with analysts’ expectations.

Despite the dominant position of the Fed, Bitcoin (BTC) increased by 3.1% in the last day, exchanging hands at $ 105,366 at the time of the press.

“While [yesterday’s] The Fed decision has not shaken the market, the situation as a whole remains clear – investors are waiting for confirmation that rate reductions are on the horizon, “New Matt Mena, research strategist, told Crypto. from Crypto to 21Shares.

Market players are now focusing on the next report on personal consumer expenses (PCE), which should be revealed this Friday, which should be the next important catalyst for risk assets, including Bitcoin.

Until such signals are emerging, Bitcoin should consolidate in its current range, $ 105,000 serving as a level of critical escape and $ 108,000 as the next major increase if Friday data promote assets of Risk, added Mena.