
Bitcoin ETFs Witness Largest Outflow in History
The crypto market has just witnessed its most significant outflow of funds from the exchange-traded funds (ETFs) in history. According to recent data, both Bitcoin and Ethereum ETFs have seen massive outflows this week.
In a shocking turn of events, Bitcoin ETFs saw an outflow of 10.45% on Thursday, while Ethereum fell even more sharply, down 7.97%. This drastic change in investor sentiment has left many wondering what could be causing such a drastic shift.
This sudden change may be attributed to the recent influx of new investors. The market has seen significant inflows over the past few months, which set high expectations and made this reversal even more pronounced. However, this is also an opportunity for those who were waiting on the sidelines to start making moves.
As we dive deeper into the situation, it becomes clear that market volatility is on the rise. Investors may be stepping back to reassess their strategies, or perhaps this marks the beginning of a more cautious phase in the crypto ETF story.
Source: u.today