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Bitcoin ETF Inflows Plunge 80% – Is a Short-Term Cooldown Imminent?
Institutional investors have taken a step back from pouring funds into the Bitcoin (BTC) exchange-traded fund (ETF), with inflows plummeting an astonishing 80% compared to the previous week. However, despite this significant decline, derivatives markets continue to exhibit elevated Open Interest levels and on-chain data suggests that nearly all supply is still in profit.
The sharp drop-off in ETF inflows cannot be ignored, but does it necessarily imply a short-term cooldown? While there are valid arguments for both perspectives, we must consider the broader context.
Source: ambcrypto.com
