$BTC
Today BTC Trade 82k...
ETF flows remain under pressure
U.S. spot BTC ETFs saw net outflows of about $485M on October 7.
Data released subsequently for October 8 also showed that crypto ETFs overall continued to face significant redemption pressure.
Short-term investors are reducing their risk exposure.
But a single day of outflows does not mean long-term institutional demand has disappeared entirely.
The direction of fund flows over the next several days will be worth watching.
#CryptoNewsđđ°đ«
Today BTC Trade 82k...
ETF flows remain under pressure
U.S. spot BTC ETFs saw net outflows of about $485M on October 7.
Data released subsequently for October 8 also showed that crypto ETFs overall continued to face significant redemption pressure.
Short-term investors are reducing their risk exposure.
But a single day of outflows does not mean long-term institutional demand has disappeared entirely.
The direction of fund flows over the next several days will be worth watching.
#CryptoNewsđđ°đ«