BTC ETF
Coverage of BTC ETF in the Nexus archive.
- Bitcoin falls below $73,000 as BlackRock’s BTC ETF sees second-largest outflows since debut
Bitcoin fell below $73,000 as BlackRock's BTC ETF experienced its second-largest outflows since its debut, with spot BTC ETFs recording the largest outflows since late January, including a significant net outflow for IBIT.
- Yesterday’s bounce looked cleaner than the prior move, but today is kind of showing why I still don’t think full confirmation was there yet.
The recent bounce in the market looked cleaner than the prior move, but today's price action suggests that full confirmation is still lacking. The structure of the move was healthier, with stablecoin liquidity improving and BTC ETF flows turning positive. However, ETH/BTC remained weak and BTC dominance stayed elevated.
- This cycle isn’t anti-altcoin it’s anti-empty narrative
The current market cycle is not anti-altcoin, but rather anti-empty narrative, with serious capital seeking Bitcoin exposure and selective investment in altcoins with real products and users. The next alt season will reward tokens with actual use cases. Investors are becoming more selective in their investments.
- Bitcoin price rally 'in progress' but upside could be capped at $84K
Bitcoin's price rally is underway, but analysts predict potential upside limitations near $84,000 due to average spot BTC ETF cost basis. The market remains cautiously optimistic about further gains despite the projected cap.