Bitcoin Bulls Can’t Rely on ETF Inflows Alone
Key Highlights: Spot bitcoin exchange-traded funds (ETFs) have experienced a sharp reversal, posting a significant net outflow of $1.282 billion. The heavy redemptions challenge expectations from crypto market bulls who anticipated continuous institutional inflows to drive bitcoin prices higher toward the year-end. U.S.-listed spot bitcoin funds serve as a key proxy for institutional demand, signaling ...
