And even the stock market as well
Post
otmanino
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🎈 Institutions are retreating... and the crypto market is paying the price?
🎈 The exchange-traded funds recorded for $BTC in the United States their fifth consecutive week of net outflows, with about 3.8 billion dollars leaving amid a state of economic and geopolitical uncertainty. According to audited data, the outflows last week alone amounted to approximately 315.9 million dollars, after experiencing the largest weekly withdrawal at the end of January of nearly 1.49 billion dollars.
🎈 Despite this recent decline, the funds have still gathered around 54 billion dollars in net inflows since their launch, with total net assets approaching 85.3 billion dollars, indicating that current movements reflect a short-term positioning rather than a complete institutional withdrawal.
🎈 The selling pressures were not limited to Bitcoin funds only, as funds $ETH also experienced five consecutive weeks of net outflows, recording about 123 million dollars in withdrawals during the last week. While some days of positive inflows appeared, they did not succeed in changing the overall trend, reflecting the continued cautious state in the digital asset market.
🎈 The exchange-traded funds recorded for $BTC in the United States their fifth consecutive week of net outflows, with about 3.8 billion dollars leaving amid a state of economic and geopolitical uncertainty. According to audited data, the outflows last week alone amounted to approximately 315.9 million dollars, after experiencing the largest weekly withdrawal at the end of January of nearly 1.49 billion dollars.
🎈 Despite this recent decline, the funds have still gathered around 54 billion dollars in net inflows since their launch, with total net assets approaching 85.3 billion dollars, indicating that current movements reflect a short-term positioning rather than a complete institutional withdrawal.
🎈 The selling pressures were not limited to Bitcoin funds only, as funds $ETH also experienced five consecutive weeks of net outflows, recording about 123 million dollars in withdrawals during the last week. While some days of positive inflows appeared, they did not succeed in changing the overall trend, reflecting the continued cautious state in the digital asset market.
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