Bitcoin ETF Outflows Hit 3-Day Streak: What It Means for Indian Traders
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- U.S. Bitcoin ETFs saw $57.6M in net outflows, extending the streak to three straight days.
- For Indian traders, BTC-INR depends on both Bitcoin’s dollar price and the USD/INR exchange rate.
- A weaker rupee could cushion Bitcoin losses in INR terms, even as ETF outflows pressure BTC.
U.S. spot Bitcoin ETFs recorded a net outflow of $57.63 million on August 14, according to SoSoValue data. That’s the third consecutive day of net outflows. Meanwhile, spot Ethereum ETFs saw zero net flows on the same day,
Why $57.63M Matters More as a Trend Than a One-Day Number
On its own, $57.63 million is small next to Bitcoin’s total market value. What matters more is the pattern. Three straight days of net selling from institutional ETF products suggests demand may be cooling, at least for now.
It’s a signal worth watching, not proof that a bigger downtrend has started. ETF …
Read The Full Article Bitcoin ETF Outflows Hit 3-Day Streak: What It Means for Indian Traders On Coin Edition.
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