How a $15.9B quarterly expiry stalls a $1.7B ETF inflow week
Two straight days of more than $1.7 billion in spot bitcoin ETF inflows have done everything the institutions could ask, and none of what the bulls wanted. Bitcoin slipped under $84,000 on Thursday morning, at $84,017 per CoinGecko, down about 2.9% on the day, as U.S. Treasury yields pressed to their highest level since 2007.
The same ETF bid that pushed total spot-BTC assets back near $111 billion is running headlong into a macro turn and a $15.9 billion quarterly options expiry that settles Friday at 08:00 UTC. The flows are real. The tape is stalling anyway.
Key Takeaways Spot bitcoin ETFs took in more than $1.7 billion over two days through Tuesday, and about $609 million more on Wednesday…
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