$2.35 billion flowed out in two weeks! Are institutions really starting to exit Bitcoin ETFs?
The latest data shows that U.S. spot BTC ETFs have recorded net outflows for seven consecutive trading days.
From November 2 to 6, net outflows totaled about $1.282 billion;
From November 9 to 13, another $1.065 billion flowed out.
That adds up to about $2.35 billion over two weeks.
Meanwhile, BTC briefly fell below $64,000 on November 14.
These figures show that institutional demand for ETF funds has indeed come under pressure recently.
But I believe we shouldn't focus solely on how much prices have fallen. We should also watch for when ETF fund flows show a sustained reversal.
#BTC #BitcoinETFs
The latest data shows that U.S. spot BTC ETFs have recorded net outflows for seven consecutive trading days.
From November 2 to 6, net outflows totaled about $1.282 billion;
From November 9 to 13, another $1.065 billion flowed out.
That adds up to about $2.35 billion over two weeks.
Meanwhile, BTC briefly fell below $64,000 on November 14.
These figures show that institutional demand for ETF funds has indeed come under pressure recently.
But I believe we shouldn't focus solely on how much prices have fallen. We should also watch for when ETF fund flows show a sustained reversal.
#BTC #BitcoinETFs