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Purpose Bitcoin ETF sees over $600K in inflows in past week (Cryptoslate)

Definition

The number of bitcoin flowing from/to the Purpose Bitcoin ETF.

Quick Take

Back in June 2022, during the luna collapse, over 24,000 BTC got liquidated from the ETF holdings.
This drop saw the ETF holdings drop from 48,000 BTC to 24,000 BTC
Since June, uncertainty has only escalated, which includes the FTX collapse and the ongoing issues with DCG, which has seen institutional appetite muted.
However, the price of Bitcoin has retraced the entire FTX collapse price dip, and the DCG/Genesis narrative is slowly ending. This has seen a slight appetite for ETF inflows.
Over 300 BTC have been added to the ETF the most for over three months, equating to over $600M.

Purpose Bitcoin ETF Flows: (Source: Glassnode)Purpose Bitcoin ETF Holdings: (Source: Glassnode)

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