Bitcoin ETFs See $246 Million Inflows, But Overall Market Remains Cautious
- The mixed overall ETF flows are a sign of hesitation beyond Bitcoin, with Ethereum ETFs in particular experiencing recent outflows
- BTC dominance has eased slightly from its summer highs, which typically opens the door for altcoin rallies
- The crypto market suffered $162 million in liquidations, which is relatively moderate for an almost $4 trillion market
Despite attracting a quarter of a billion dollars in inflows this month, Bitcoin’s ETF market is showing mixed signals. The $246 million inflows into Bitcoin ETFs this month suggest institutional investors are still adding exposure, but at a slower pace compared to July’s and August’s surges.
The mixed overall ETF flows are a sign of hesitation beyond Bitcoin, with Ethereum ETFs in particular experiencing recent outflows, showing that not all cryptocurrencies are getting the same attention from investors.
BTC dominance has eased slightly from its summer highs, which typically opens the door for altcoin rallies. According to CoinMarketCap, it’s currently at 57.6%.
However, CryptoRank notes that capital rotation into altcoins remains tentative, indicating that macroeconomic uncertainty (such as pend…
The post Bitcoin ETFs See $246 Million Inflows, But Overall Market Remains Cautious appeared first on Coin Edition.
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Bitcoin ETFs See $246 Million Inflows, But Overall Market Remains Cautious
- The mixed overall ETF flows are a sign of hesitation beyond Bitcoin, with Ethereum ETFs in particular experiencing recent outflows
- BTC dominance has eased slightly from its summer highs, which typically opens the door for altcoin rallies
- The crypto market suffered $162 million in liquidations, which is relatively moderate for an almost $4 trillion market
Despite attracting a quarter of a billion dollars in inflows this month, Bitcoin’s ETF market is showing mixed signals. The $246 million inflows into Bitcoin ETFs this month suggest institutional investors are still adding exposure, but at a slower pace compared to July’s and August’s surges.
The mixed overall ETF flows are a sign of hesitation beyond Bitcoin, with Ethereum ETFs in particular experiencing recent outflows, showing that not all cryptocurrencies are getting the same attention from investors.
BTC dominance has eased slightly from its summer highs, which typically opens the door for altcoin rallies. According to CoinMarketCap, it’s currently at 57.6%.
However, CryptoRank notes that capital rotation into altcoins remains tentative, indicating that macroeconomic uncertainty (such as pend…
The post Bitcoin ETFs See $246 Million Inflows, But Overall Market Remains Cautious appeared first on Coin Edition.
Read More