Bros!!! ETFs flipped overnight!!!
Farside just posted: U.S. spot BTC ETFs saw estimated net outflows of about $409.5 million on Oct. 30—after taking in a modest $17.2 million the day before, they’ve spat it all back out!!! FBTC saw about $201 million out, ARKB about $129.5 million, GBTC about $53.3 million, and BITB about $25.7 million～
CoinGecko has BTC hovering around $77.4K, ETH around $2,240, and BNB around $706～After the hacking news sent prices tumbling, institutions got spooked too, haha.
Seriously, don’t treat “inflows for several days in a row” as some ironclad rule and call it a day. Keep an eye on the withdrawal recovery progress this weekend, and don’t go piling on leverage!!!
Do you think the outflows are done and things will calm down, or will the sell-off continue on Monday?
$BTC
#ETF #Crypto
Farside just posted: U.S. spot BTC ETFs saw estimated net outflows of about $409.5 million on Oct. 30—after taking in a modest $17.2 million the day before, they’ve spat it all back out!!! FBTC saw about $201 million out, ARKB about $129.5 million, GBTC about $53.3 million, and BITB about $25.7 million～
CoinGecko has BTC hovering around $77.4K, ETH around $2,240, and BNB around $706～After the hacking news sent prices tumbling, institutions got spooked too, haha.
Seriously, don’t treat “inflows for several days in a row” as some ironclad rule and call it a day. Keep an eye on the withdrawal recovery progress this weekend, and don’t go piling on leverage!!!
Do you think the outflows are done and things will calm down, or will the sell-off continue on Monday?
$BTC
#ETF #Crypto