U.S. Bitcoin funds are still seeing money flow out... what does this mean?
On November 3, spot Bitcoin ETFs recorded net outflows of around $115.6 million. The day before, outflows were about $398.6 million.
The biggest outflow came from the IBIT fund, at around $95 million.
Ethereum funds also saw about $85.3 million flow out.
In plain terms: big institutions are reducing their exposure, but the figure is much lower than the day before. So the pressure is still there, but it’s easing.
These figures matter for $BTC and $ETH because fund demand has become one of the biggest drivers of price.
Not financial advice.
Do you think the funds will start buying again this week?
#BinanceSquare #BitcoinETF #Crypto
On November 3, spot Bitcoin ETFs recorded net outflows of around $115.6 million. The day before, outflows were about $398.6 million.
The biggest outflow came from the IBIT fund, at around $95 million.
Ethereum funds also saw about $85.3 million flow out.
In plain terms: big institutions are reducing their exposure, but the figure is much lower than the day before. So the pressure is still there, but it’s easing.
These figures matter for $BTC and $ETH because fund demand has become one of the biggest drivers of price.
Not financial advice.
Do you think the funds will start buying again this week?
#BinanceSquare #BitcoinETF #Crypto
