Crypto's ETF boom gets $4.5 billion reality check in brutal week
Bitcoin ETFs are witnessing significant outflows, with over $1.3 billion withdrawn in the past week as the cryptocurrency's slump deepens. This marks a departure from previous trends where ETF investors typically bought dips. BlackRock's IBIT leads these departures, signaling a shift as investors reduce exposure rather than accumulate. Despite a challenging market, many crypto veterans remain optimistic about a future recovery.
Bitcoin ETFs are witnessing significant outflows, with over $1.3 billion withdrawn in the past week as the cryptocurrency's slump deepens. This marks a departure from previous trends where ETF investors typically bought dips. BlackRock's IBIT leads these departures, signaling a shift as investors reduce exposure rather than accumulate. Despite a challenging market, many crypto veterans remain optimistic about a future recovery.
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