截至 2024 年 8 月 7 日，Invesco Galaxy 比特幣 ETF (BTCO) 上個月的淨流量已超過 6,200 萬美元。
Investors might be having second thoughts about sticking with bitcoin after Monday’s crypto sell-off, but it could be too early to throw in the towel on cryptocurrency.
The sell-off was particularly brutal for bitcoin, to say the least. Recent VettaFi research notes that the cryptocurrency’s price dropped to a five-month low this past week.
See also: Cryptocurrencies: Bitcoin Plummets to 5-Month Low
But it's crucial to understand what drove bitcoin’s sell-off in the first place. The turbulence follows a weaker jobs report from the U.S. Department of Labor on Friday, sparking some investor concerns over a potential recession.
With a recession on investors’ minds, some began selling off more volatile assets to de-risk their portfolios. Despite enjoying a wave of momentum this year, bitcoin ended up getting caught in the sell-off crossfire.
Heading into the weekend with market trepidation could be dangerous at times for bitcoin traders. Unlike traditional markets, bitcoin trades on the weekends, opening up more opportunities for potential sell-offs or buy-ins.
Still, it's too early for bitcoin investors to begin panicking, as CoinDesk data already shows bitcoin’s price nearing the $60,000 mark once again. Even amid turbulence, bitcoin can provide strong returns for investors willing to weather some risk.
Experience Has Its Perks
Take the Invesco Galaxy Bitcoin ETF (BTCO), for example. Fund flows data from ETF Database shows that BTCO earned over $62 million in net flows over the last month, as of Aug. 7, 2024, according to ETF Database.
Interestingly, ETF Database's results show that BTCO did not experience any noteworthy outflows earlier this week, unlike many of its peers in the market.
Recent data shows how BTCO has been able to deliver robust returns, even prior to the bitcoin sell-off. As of July 31, 2024, BTCO’s NAV has risen more than 40% since the fund's inception in January 2024. However, it's important to note that this data does not include any changes due to the sell-off in early August.
As an added bonus, BTCO comes with the distinct advantage of Invesco’s experienced fund management team. The issuer currently has over 220 ETFs listed in the United States, boasting more than $531 billion in assets under management.
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