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The week of November 18 to 22 was marked by significant movements in the exchange-traded funds (ETF) market. U.S.-based spot Bitcoin ETFs experienced their fourth-best week of investments, while Chinese-based ETFs suffered their largest capital outflows in history, signaling another positive sign for the global adoption of Bitcoin.
A mixed week for global ETFs
According to data, U.S.-based spot Bitcoin ETFs recorded cumulative inflows of $2.42 billion during this trading week. This figure represents their fourth-largest week since their launch in January. This impressive performance reflects a growing interest in Bitcoin as an investment asset, despite market fluctuations.
In contrast, China-based ETFs recorded capital outflows of over $2 billion, marking the largest weekly outflow in history. The economic situation in China seems to be deteriorating despite stimulus measures similar to those deployed during the pandemic. Recent data suggests that the Chinese economy is struggling, which could explain these massive capital outflows.
Bitcoin increasingly attracts American investors
These contrasting movements between U.S. Bitcoin ETFs and Chinese ETFs highlight the economic dynamics and investor sentiments in different regions of the world. While American investors seem increasingly confident in Bitcoin’s potential, Chinese investors appear to be withdrawing from local financial markets.
The growing adoption of BTC and significant inflows into U.S. Bitcoin ETFs could indicate a long-term trend towards broader acceptance of cryptocurrencies as an asset class. Meanwhile, economic challenges in China may continue to influence investment decisions and capital flows in the region.
In summary, the week of November 18 to 22 was revealing of the current trends in the ETF markets, with potential implications for the future of Bitcoin investment and the global economy.
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Le monde évolue et l’adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m’intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l’optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
