The losses are piling up in exchange-traded funds.
On Thursday, ETFs for $BTC saw outflows of $244 million.
The situation for $ETH is even more pronounced.
It has recorded eight consecutive sessions of withdrawals, totaling around $641 million in losses.
Overall, the steady outflow of capital is dangerously close to the $1 billion mark in October.
It’s a fairly consistent outflow trend.
What do you make of this investor behavior?
#Bitcoin #Ethereum
On Thursday, ETFs for $BTC saw outflows of $244 million.
The situation for $ETH is even more pronounced.
It has recorded eight consecutive sessions of withdrawals, totaling around $641 million in losses.
Overall, the steady outflow of capital is dangerously close to the $1 billion mark in October.
It’s a fairly consistent outflow trend.
What do you make of this investor behavior?
#Bitcoin #Ethereum