Summary
- It was stated that the Bitcoin spot ETF has entered Pac-Man mode due to large capital inflows.
- It was reported that there was a net inflow of $936 million in one day on the 23rd, with a total of $1.2 billion for the week.
- Funds were evenly distributed among 10 out of 11 ETFs, and it was evaluated that the price of Bitcoin is exceeding $93,500, showing strong momentum.
There is an evaluation that the inflow trend of Bitcoin (BTC) spot Exchange Traded Funds (ETFs) is showing strong momentum.
On the 23rd (local time), Eric Balchunas, a Bloomberg ETF analyst, stated on X (formerly Twitter), "The spot Bitcoin ETF has entered 'Pac-Man mode'," adding, "There was a net inflow of $936 million the previous day, bringing the cumulative inflow for this week to $1.2 billion." He further evaluated, "The fact that funds were evenly distributed among 10 out of 11 ETFs is a positive signal," and "The price of Bitcoin is also exceeding $93,500, showing strong momentum."
Meanwhile, 'Pac-Man mode' is a metaphorical expression meaning a state of absorbing or purchasing something in large quantities.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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