From a positioning perspective:
Bitcoin spot ETFs saw $41.49 million in net outflows on October 8, marking two consecutive days of outflows.
ETF flows are one of the few windows that clearly show what traditional investors are doing:
· Inflows = issuers need to buy spot BTC on the secondary market
· Outflows = funds need to sell spot BTC
Sellers were in control that day. Watch to see whether this is one-off or sustained.
$BTC 24h -0.39%, worth keeping an eye on.
#BTC
Be aware of the risks and make your own decisions.
Bitcoin spot ETFs saw $41.49 million in net outflows on October 8, marking two consecutive days of outflows.
ETF flows are one of the few windows that clearly show what traditional investors are doing:
· Inflows = issuers need to buy spot BTC on the secondary market
· Outflows = funds need to sell spot BTC
Sellers were in control that day. Watch to see whether this is one-off or sustained.
$BTC 24h -0.39%, worth keeping an eye on.
#BTC
Be aware of the risks and make your own decisions.