In recent weeks, cash in the US has returned strongly to the buying camp, signaling a decisive recovery in the appetite of large funds.
The recent resumption in the flow of these assets is already reflected in the market. According to data from Ecoinometrics, the net flow of bitcoin ETFs is approaching the 50 thousand BTCs in Aprila level that denotes purchasing strength for the sector.
This and other economic issues will be covered in the program and and help make better decisions in the market.
Bernardo Pascowitch, presenter of Resenha do Dinheiro, states that this movement marks an important change, after months of institutional absence.
“Institutional institutions are getting back into the game. Even with the unstable scenario in the Middle East, the appetite for cryptocurrencies has regained momentum, although the market still questions how long this optimism will last”, he says.
The return of this flow occurs in parallel to a atypical behavior among global assets. The movement draws attention especially when compared to the
“Bitcoin appreciated with the entry of buyer flows, while gold fluctuated along with the market. In war scenarios, what would be expected would be a rise in gold, but that is not what happened”, explains Marilia Fontes, founding partner of Nord Investimentos.
Another factor supporting upward pressure is the supply dynamics. As ETFs buy bitcoin on the spot market, the availability of the asset, already limited to 21 million units, becomes even more restricted.
The presenter highlights that this effect is enhanced by large buyers. “In addition to ETFs, we have investors who recently made the third largest purchase in their history. This creates increasing price pressure”, he observes.
Despite this, Pascowitch considers that the movement may not be structural. “Bitcoin still closely follows the performance of the Nasdaq and the S&P 500. It seems to me more like a momentary decorrelation than a definitive change”, he assesses.
Money Review
Carried out with the support of B3 and investment manager BlackRock, the program is presented by Marilia Fontes, founding partner of Nord Investimentos; Thiago Godoy, the “Finance Daddy”; Bernardo Pascowitch, founder and CEO of Yubb, proposes a light, direct and uncomplicated approach to topics related to financial education and investments. The attraction addresses the main economic topics every week with the informality of a conversation between friends — without compromising on analysis.
The Money Review airs every Friday, at 7pm, on the channel CNN Money on YouTube and on Sundays at 3pm on CNN Brasil.
