#US ETFs are buying BTC and ETH in large quantities.#
Hot Topic Overview
Overview
Recently, U.S. ETFs have been buying BTC and ETH on a large scale, with continuous inflows of funds. On January 17th, U.S. Bitcoin ETFs saw a net inflow of 7,222 BTC, while Ethereum ETFs saw a net inflow of 56,608 ETH. Among them, BlackRock is the main buying force, significantly increasing its holdings of BTC and ETH in recent days. Market sentiment is high, with investors expecting a bright future for BTC and ETH, and prices are expected to continue to rise in the coming days.
Ace Hot Topic Analysis
Analysis
Recent large-scale purchases of BTC and ETH by US ETFs have attracted market attention. Data shows that on January 17, US Bitcoin ETFs saw a net inflow of 7,222 BTC, while Ethereum ETFs saw a net inflow of 56,608 ETH, with BlackRock being the primary buyer. In the preceding days, ETFs also saw a significant influx of funds, particularly BlackRock, which in the past 24 hours almost bought back the amount that flowed out in the previous three working days. Investor sentiment is high, driving an increase in purchasing power. The previous trading day's purchasing power was the strongest single-day purchasing power since December 12, 2024. The market generally believes this is related to the upcoming power handover, with investors anticipating the new government's policies and believing it will further push the cryptocurrency market upwards. Although short-term investors may cash out before the power handover, long-term investors remain bullish on the prospects of BTC and ETH, believing they could potentially experience a prolonged upward trend similar to gold in the future.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
US ETFs are buying large amounts of BTC and ETH, especially BlackRock investors, who are buying very strongly and driving up the price of BTC and ETH.
The inflow of funds from ETFs reflects the high market sentiment, and investors are optimistic about the future of BTC and ETH, especially the policy expectations of the new government.
The rise in the price of BTC and ETH has driven the activity of short-term investors, but long-term investors remain bullish on the future of BTC and ETH, believing that BTC may experience a long-term upward trend like gold.
Although there are short-term fluctuations in the market, the overall trend remains bullish, especially for compliant cryptocurrencies, but there are still bearish times for the entire market.