🚨 Bitcoin ETFs have lost nearly $1 billion in just two weeks.
U.S. spot $BTC ETFs recorded another $228.6 million in weekly outflows after losing $681.1 million the week before.
Hot inflation data revived fears of higher interest rates, pushing investors toward safer assets and adding more pressure on Bitcoin.
October ETF flows are now around $615 million in the red, while BTC continues struggling near the $80K zone.
Still, these funds have attracted over $57 billion since launch.
Short-term fear is rising but Wall Street’s long-term Bitcoin position remains much bigger. 👀
U.S. spot $BTC ETFs recorded another $228.6 million in weekly outflows after losing $681.1 million the week before.
Hot inflation data revived fears of higher interest rates, pushing investors toward safer assets and adding more pressure on Bitcoin.
October ETF flows are now around $615 million in the red, while BTC continues struggling near the $80K zone.
Still, these funds have attracted over $57 billion since launch.
Short-term fear is rising but Wall Street’s long-term Bitcoin position remains much bigger. 👀