TechFlow News, February 2. Matrixport released its chart of the day stating: “Bitcoin ETF fund flows have recorded outflows for three consecutive months, despite many U.S. wealth management firms only recently permitting clients to access these products. As ETF fund flows continue turning negative, questions arise as to whether demand from traditional finance has already peaked. Notably, the last month with significant inflows was July; although inflows briefly peaked in October, momentum has clearly weakened since summer—even amid a strong gold rebound and the ongoing broad theme of de-dollarization.
This suggests Bitcoin may require a new or updated narrative to establish a solid bottom and rekindle interest from traditional finance. Historically, Bitcoin has demonstrated strong capability in reshaping its narrative, implying that the current downturn is likely cyclical rather than structural—more a matter of timing than conviction.”
