I just checked yesterday’s ETF data: U.S. spot Bitcoin ETFs saw net outflows of $398.6 million, marking two consecutive days of large outflows; Ethereum ETFs saw net outflows of $139.7 million, extending their net outflow streak to six consecutive days. $BTC is now hovering around $76,600, down 2.27% in 24 hours.
Funds are pulling out, while the price is grinding between $76,000 and $78,000. I’m in no rush to guess the direction; first, I’ll watch to see whether the outflows stop.
What do you think will happen first: ETF outflows will ease, or the price will break below $76,000?
#ETF #BTC
Not investment advice
Funds are pulling out, while the price is grinding between $76,000 and $78,000. I’m in no rush to guess the direction; first, I’ll watch to see whether the outflows stop.
What do you think will happen first: ETF outflows will ease, or the price will break below $76,000?
#ETF #BTC
Not investment advice