#etf
Bitcoin ETFs break a two-week losing streak: what is happening with the market?
$BTC ETFs managed to snap their two-week losing streak this week, closing out green with roughly $301 million in net inflows—despite a late-week slide that saw a $137.9 million exit on Friday alone.
📊 Here are the key highlights:
➡️ The Monthly Picture: October is still proving tough, with Bitcoin funds down about $314 million for the month, while Ethereum ETFs face a steeper $1.18 billion monthly deficit.
➡️ Price Action: Bitcoin slipped 1.1% to around $80,490, $ETH dipped to $2,344, and $SOL fell to $101 amid a broader macro pullback linked to rising oil prices and a tech/AI stock slide.
➡️ Market Sentiment: Prediction markets on Myriad are turning slightly more cautious, with traders pricing in a 43% chance that Bitcoin could test $77,500 before October wraps up.
Bitcoin ETFs break a two-week losing streak: what is happening with the market?
$BTC ETFs managed to snap their two-week losing streak this week, closing out green with roughly $301 million in net inflows—despite a late-week slide that saw a $137.9 million exit on Friday alone.
📊 Here are the key highlights:
➡️ The Monthly Picture: October is still proving tough, with Bitcoin funds down about $314 million for the month, while Ethereum ETFs face a steeper $1.18 billion monthly deficit.
➡️ Price Action: Bitcoin slipped 1.1% to around $80,490, $ETH dipped to $2,344, and $SOL fell to $101 amid a broader macro pullback linked to rising oil prices and a tech/AI stock slide.
➡️ Market Sentiment: Prediction markets on Myriad are turning slightly more cautious, with traders pricing in a 43% chance that Bitcoin could test $77,500 before October wraps up.