U.S. spot ETFs saw $636 million in net outflows Thursday, while BTC held near $80,000
- BTC was around $80,685, down 1.2% over 24 hours; ETH was around $2,370, down 1.1%; and the total crypto market cap fell 0.8% to $2.80 trillion (according to the Economic Times)
- U.S. spot BTC ETFs saw about $636 million in net outflows Thursday, while ETH ETFs saw about $111 million in outflows, signaling a clear cooling in short-term institutional demand
- Potential impact: The outflows were substantial, but not yet at panic levels. Short-term volatility could increase; the key thing to watch is whether funds flow out for a second consecutive day
Tap the tag to view live prices: $BTC $ETH
Do you think this round of outflows is a short-term correction or a trend reversal? Share your thoughts in the comments.
For informational purposes only; this is not investment advice.
- BTC was around $80,685, down 1.2% over 24 hours; ETH was around $2,370, down 1.1%; and the total crypto market cap fell 0.8% to $2.80 trillion (according to the Economic Times)
- U.S. spot BTC ETFs saw about $636 million in net outflows Thursday, while ETH ETFs saw about $111 million in outflows, signaling a clear cooling in short-term institutional demand
- Potential impact: The outflows were substantial, but not yet at panic levels. Short-term volatility could increase; the key thing to watch is whether funds flow out for a second consecutive day
Tap the tag to view live prices: $BTC $ETH
Do you think this round of outflows is a short-term correction or a trend reversal? Share your thoughts in the comments.
For informational purposes only; this is not investment advice.