Spot Bitcoin ETF Inflows Reach 4% of Market Capital Since January

Key Points:

• 4-5% of Bitcoin market inflows are tied to US Spot ETFs since January
• The cost basis of Spot ETFs ranges between $54.9k and $59.1k, indicating key break-even stress points for investors

Glassnode reports that Spot Bitcoin ETF inflows account for 4-5% of Bitcoin’s net capital since Jan 2024, with a cost basis of $54.9k-$59.1k acting as stress points.

U.S. Spot Bitcoin ETF Inflows and Investor Behavior

According to a recent analysis by Glassnode, U.S. Spot ETFs account for some 4-5% of the net inflow of capital into Bitcoin since January 2024. Their cost basis currently lies between $54.9k and $59.1k – a good indicator of where investors with ETFs could break even.

These are psychological stress points, which, with the fluctuation of Bitcoin, affect investors in their decision-making processes. Investors closely monitor these points as signals on the market that may determine whether to hold, sell, or buy and have a significant impact on overall market trends.

Read more: Spot Bitcoin ETF Outflows Hit $91M, Led By Ark’s ARKB

ETF Cost Basis as a Stress Indicator for Bitcoin Markets

The cost basis of the Bitcoin Spot ETFs falls in the very key range of $54.9k-$59.1k, which will be important to define investor sentiment. These levels have become important psychological barriers that influence the way ETF investors view their unrealized profit and loss.

A break below this range could ramp up stress levels among investors and could be an indication of mounting selling pressure. Continued upward growth above this level reflects good conditions in the market that lure investors into either holding or building more positions in Bitcoin, shaping the overall sentiment.