The inflow of the United States remains weak for two consecutive days due to the decision of the Federal Open Market Committee to change the weight of the investor centement of the federal market to change yesterday.
According to SOSOVALUE data, the 12 -spot -bit coin ETF recorded the inflow of $ 92.09 million on January 29, continuing the tendency of weak flow for two consecutive days. Most of the inflow seen on that day was from the GraysCale mini bitcoin trust, acquired $ 16.23 million, and Fidelity's FBTC has a rift of $ 18.2 million.
BLACKROCK, on the other hand, is closer to holding $ 60 billion net assets, ending nine days, and experiencing $ 92.29 million. Bitwise's Bitb also reported a $ 3.96 million net flow on the day. The remaining eight BTC ETFs showed the flow of “0”.
The total transaction of investment products was $ 3 billion on January 29, but the total net assets reached $ 1213.6 billion, accounting for 5.88 % of Bitcoin supply.
The inflow of Bitcoin ETFs is slow following the decision of the Federal Open Market Committee on Wednesday to keep the interest rate from changing. The Fed believed that the federal fund rate was stable from 4.25 % to 4.50 % and shifted to “slightly rising inflation” in accordance with analysts' expectations.
Despite the Dovish posture from the Fed, Bitcoin (BTC) has risen 3.1 % in the past day, replacing it for $ 105,366 at pressing.
“meanwhile [yesterday’s] The Fed's decision did not shake the market. The whole picture remains clear. Investors are waiting to confirm that interest rates are on the horizon, “said MattTo.news, MattTo Research StrateGist, a 21 -share share.
Market participants are now focusing on future personal consumption expenditures (PCE) reports. This will be revealed this Friday.
Until such a signal appears, bitcoin is expected to integrate within the current range, and if the Friday data prefers risk assets, $ 15,000 is a serious breakout level. Mena added that it will get $ 108,000 as an upside target.
