Spot Bitcoin ETFs See $400 Million Outflows Amid Market Consolidation
Spot Bitcoin ETFs have experienced a negative streak, with outflows totaling $400 million, according to reports. One analyst suggests that these outflows reflect portfolio rebalancing, profit-taking, and short-term caution as the market undergoes consolidation. The development indicates a potential shift in investor sentiment towards Bitcoin ETFs amid current market conditions.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.