You are correct. The references to FBTC, ARKB, BITB, and HODL are indeed related to Bitcoin ETFs, which are not DeFi ETPs. I apologize for the confusion.
The fund flow data provided for October does not specifically mention DeFi ETPs. However, it is reasonable to assume that the fund flow for DeFi Technologies Inc. (DEFTF) in October would be reflected in the overall Bitcoin ETF outflows, as DEFTF is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), and its subsidiary, Valour, issues exchange-traded products (ETPs) in the DeFi space.
Given the significant outflows from Bitcoin ETFs, which include assets under the DEFTF umbrella, it is likely that the fund flow for DEFTF in October was negative, at least for the initial part of the month. The outflows may have been driven by geopolitical tensions, as suggested by the Middle East tensions, which led to a decline in Bitcoin's price and, consequently, the outflows from Bitcoin ETFs.
In summary, while the specific fund flow data for DEFTF in October is not provided, it is reasonable to infer that the company experienced outflows due to the broader Bitcoin ETF market trends.
10/10/2024 02:53am
