BTC ETFs: Institutions Can Exit Too
People used to say that once BTC had ETFs, institutions would keep buying in an endless stream.
So what happened?
In the week ending November 6, U.S. spot BTC ETFs saw net outflows of about $1.28 billion.
That’s the market.
Institutions aren’t here to carry retail investors to profits. They also need to manage risk and adjust their positions.
I think that, going forward, when judging BTC’s broader trend, we can’t just look at whether an ETF has launched.
We need to see whether money keeps flowing back in.
No matter how good the story sounds, it’s hard for a rally to last without new buying.
People used to say that once BTC had ETFs, institutions would keep buying in an endless stream.
So what happened?
In the week ending November 6, U.S. spot BTC ETFs saw net outflows of about $1.28 billion.
That’s the market.
Institutions aren’t here to carry retail investors to profits. They also need to manage risk and adjust their positions.
I think that, going forward, when judging BTC’s broader trend, we can’t just look at whether an ETF has launched.
We need to see whether money keeps flowing back in.
No matter how good the story sounds, it’s hard for a rally to last without new buying.