Odaily Planet Daily News Matrixport released today's chart saying that Bitcoin ETFs have experienced net outflows for the second consecutive month. Although the inflows from the beginning of the year to date remain positive ($1.05 billion), this figure is mainly due to the surge of up to $5.3 billion in January. However, the recent performance of ETFs has been significantly weak, especially compared with safe-haven assets such as gold, which continues to hit record highs.
Fund flows show that Bitcoin ETFs are still highly dependent on favorable financing rates and arbitrage opportunities rather than broad investor interest. Given that retail speculation in the crypto market remains sluggish, it is difficult for Bitcoin ETF fund inflows to rebound substantially in the short term.