Analyst Thomas believes Bitcoin’s current dip is a precursor to a significant bull run.As of 21 June, Fidelity Wise Origin Bitcoin Fund was hit the hardest with outflows totaling $44.8 million, followed by Grayscale Bitcoin Trust which saw outflows of $34.2 million in a single day.However, not all Bitcoin ETFs registered significant outflows. BlackRock’s IBTC remained stable, with zero days of outflows during this period and even prior to it.
Additionally, BlackRock’s recent surge in Bitcoin holdings highlights institutional confidence in Bitcoin’s role as an inflation hedge and investment. This move is seen as a positive signal to the market, likely influencing other investors and driving up demand for Bitcoin.
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