Matrixport: Retail Speculative Sentiment Remains Depressed, Bitcoin ETF Inflows Struggle to See a Rebound

BlockBeats News, April 1st, Matrixport released a daily analysis stating that Bitcoin ETF has seen net outflows for the second consecutive month. Although the year-to-date inflows remain positive ($1.05 billion), this data is mainly attributed to the sharp increase of $5.3 billion in January. The recent ETF performance has been notably weak, especially compared to safe-haven assets such as gold, which continues to hit historical highs. The fund flows indicate that Bitcoin ETFs still heavily rely on favorable funding rates and arbitrage opportunities rather than broad investor interest. Given that retail speculative sentiment in the crypto market remains subdued, it is unlikely that there will be substantial inflows into Bitcoin ETFs in the short term.