Fund flows are a more honest signal than prices. U.S. spot Bitcoin ETFs saw net outflows of about $299.8 million in a single day, led by BlackRock’s $BTC product IBIT, which has now recorded net outflows for five consecutive days. There are also reports that IBIT saw cumulative outflows of about $2 billion over nine trading days.
On the Ethereum side, ETFs saw net outflows of $144.8 million on November 11, mainly from BlackRock’s ETHA. The current price of $ETH still can’t hold above $2,000 (about $1,957).
With institutional funds continuing to pull back, alongside macroeconomic pressures, buying support for a short-term rebound looks thin. A more convincing sign of stabilization would be for outflows to ease and turn into net inflows. For now, it’s better to watch than to rush to buy the dip.
#ETF #Institutional Funds
For reference only; this does not constitute investment advice.
On the Ethereum side, ETFs saw net outflows of $144.8 million on November 11, mainly from BlackRock’s ETHA. The current price of $ETH still can’t hold above $2,000 (about $1,957).
With institutional funds continuing to pull back, alongside macroeconomic pressures, buying support for a short-term rebound looks thin. A more convincing sign of stabilization would be for outflows to ease and turn into net inflows. For now, it’s better to watch than to rush to buy the dip.
#ETF #Institutional Funds
For reference only; this does not constitute investment advice.