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Bitcoin ETFs See Record Outflows as Sentiment Flips
CoinDesk·
Bitcoin has returned to the $60,000 mark, but institutional sentiment has sharply reversed since February. Spot Bitcoin ETFs experienced over $1.72 billion in net outflows last week, the highest in more than a year. This contrasts starkly with February, when similar price levels saw only $318 million in outflows, and selling pressure eased as prices dropped. The current trend shows accelerating outflows as prices fall, indicating a more bearish institutional stance and suggesting potential challenges for Bitcoin to maintain its support level.
Tickers
$BTC-USD
Tags
fintech
crypto
regulation
Original Source
CoinDesk — coindesk.com