Bitcoin ETFs Set Another Anti-Record as $1.8B Leave the Funds Weekly
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Spot ETFs tracking the two largest cryptocurrencies (BTC and ETH) have been in the red for seven consecutive weeks. Over the last five trading days spot BTC ETFs recorded their second-worst net flow performance since their launch 2.5 years ago, signaling weakening investor demand and potential downward pressure on crypto prices, liquidity and adoption.
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The spot exchange-traded funds tracking the two largest cryptocurrencies by market cap have continued their highly adverse streak, making it now seven consecutive weeks in the red.
The last five trading days were particularly painful as the spot BTC ETFs recorded their second-worst performance in terms of net flows since their inception two and a half years ago.
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