ETFs saw $1.04 billion in outflows over two days, yet Bitcoin is still hovering around $77,000 👇
There were $643 million in outflows last Friday, followed by another $399 million on Monday. BlackRock alone saw $405 million leave on Monday—the biggest single-day outflow since June. ETH also saw about $140 million in outflows on Monday.
With that much selling, prices haven’t collapsed, which suggests there are buyers on the other side.
I won’t guess how the final vote count will turn out. I’ll focus on one thing: is this institutional rebalancing, or are they really done with crypto? The next ETF data release should give it away.
Let’s not panic—just watch how it unfolds.
$BTC $ETH
There were $643 million in outflows last Friday, followed by another $399 million on Monday. BlackRock alone saw $405 million leave on Monday—the biggest single-day outflow since June. ETH also saw about $140 million in outflows on Monday.
With that much selling, prices haven’t collapsed, which suggests there are buyers on the other side.
I won’t guess how the final vote count will turn out. I’ll focus on one thing: is this institutional rebalancing, or are they really done with crypto? The next ETF data release should give it away.
Let’s not panic—just watch how it unfolds.
$BTC $ETH
