📉 $BTC ETFs Bleeding Big Capital This Week!
Over $978M has already exited BTC Spot ETFs through heavy redemptions as Bitcoin struggles to find buyers amid market weakness and volatility. This massive outflow – driven by major products like IBIT, FBTC & GBTC – shows institutions trimming exposure rather than buying dips. Data suggests if the trend continues, Friday could push total outflows past $1B for the week. Source: SoSoValue & CryptoSlate reporting. �
CryptoSlate +1
🔎 What it means:
• ETF demand is turning into net supply pressure
• Traditional buyers are cautious on BTC strength
• Liquidity thinning makes downside more likely
Is this just profit taking… or a shift in sentiment? 👀👇