๐ The Bitcoin ETF bid has disappeared again.
After returning in late August and supporting the market for just over three weeks, U.S. spot Bitcoin ETFs have now flipped back to net redemptions.
The ETFs were buying during and after the rally, but they are currently not providing the same buying support during the $BTC dip. ๐
๐ The key question now is whether ETF demand returns or if continued outflows add further pressure to BTC.$BTC
#ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume #OstiumLoanDisputeHearingSetInNYFederalCourt #HyperliquidUSDCSupplyOvertakesSolana #SKPoliceRefer18PolymarketUsersToProsecutors
After returning in late August and supporting the market for just over three weeks, U.S. spot Bitcoin ETFs have now flipped back to net redemptions.
The ETFs were buying during and after the rally, but they are currently not providing the same buying support during the $BTC dip. ๐
๐ The key question now is whether ETF demand returns or if continued outflows add further pressure to BTC.$BTC
#ElSalvadorBTCHoldingsRiseTo7777 #MemeLaunchpads82%OfArcDayOneVolume #OstiumLoanDisputeHearingSetInNYFederalCourt #HyperliquidUSDCSupplyOvertakesSolana #SKPoliceRefer18PolymarketUsersToProsecutors
