Bitcoin ETF demand turns negative around BTC halving
Spot Bitcoin ETFs initially recorded inflows that significantly outpaced the daily mining output, but demand seems to have slowed.
Demand for the newest Bitcoin investment products is slowing down as the world’s first cryptocurrency went through its fourth “halving” event.
Spot Bitcoin exchange-traded funds (ETFs) became a benchmark for institutional investments in Bitcoin (BTC) after launching in January 2024.
The 11 spot Bitcoin ETFs approved by United States regulators in January collectively managed over $13 billion in inflows within a couple of months of launching. Gold ETFs took years to accomplish the same feat.
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Author: Prashant Jha
