BITCOIN ETF OUTFLOW HITS A RECORD $6.35 BILLION
The spot Bitcoin ETFs in the U.S. have just recorded the largest net outflow in 30 days ever. According to Galaxy Research, the total outflow from these funds has reached $6.35 billion, indicating that institutional investors are continuing to reduce their exposure to Bitcoin.
This capital outflow also marks six consecutive weeks of withdrawals from Bitcoin ETFs, raising the question of whether the selling pressure has peaked. If the outflow rate slows down in the near future, the market may have a chance to stabilize, but the cautious sentiment among institutional capital remains a key factor to watch.
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The spot Bitcoin ETFs in the U.S. have just recorded the largest net outflow in 30 days ever. According to Galaxy Research, the total outflow from these funds has reached $6.35 billion, indicating that institutional investors are continuing to reduce their exposure to Bitcoin.
This capital outflow also marks six consecutive weeks of withdrawals from Bitcoin ETFs, raising the question of whether the selling pressure has peaked. If the outflow rate slows down in the near future, the market may have a chance to stabilize, but the cautious sentiment among institutional capital remains a key factor to watch.
⭐️ Sign up for a Binance account to get a permanent 20% rebate on Spot, Futures, and Margin trading fees:
➡️ Rebate link: https://accounts.binance.com/register?ref=KO2C41E8
- Referral code: KO2C41E8