Fund Flow Matrix | BTC ETF, L1, Bridge, DeFi
Bitcoin ETFs started the new month with a $267.5m outflow. Despite this, overall momentum remains positive. However, some weakness has emerged over the past three days, marking the third consecutive sell-off within the last 10 days. YTD flows remain strong at $8.7b. On-chain activity is largely focused on $Eth, while TVL data shows mixed sentiment, $Hype and $Uni Chain appear to be the main beneficiaries.
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