Bitcoin ETFs Suffer Biggest Outflows Since January as May Turns Red
Share:
Bitcoin’s recent price collapse coincided with the worst weekly outflows from Bitcoin ETFs since late January, according to SoSoValue. May has turned red after two consecutive weeks of massive ETF outflows, signaling heightened selling pressure and negative market impact for crypto price and adoption.
Predictions Markets
See what traders are focused on
Bitcoin’s price calamity is not isolated, as, aside from all other macro and on-chain reasons, the exchange-traded funds tracking the asset’s performance experienced their worst weekly outflows since late January.
In fact, data from SoSoValue shows that May has turned red following two consecutive weeks of massive outflows.
In This News
Coins
$ 72.61K
-1.63%Predictions Markets
See what traders are focused on
Share:
In This News
Coins
$ 72.61K
-1.63%Predictions Markets
See what traders are focused on
Share:
Read More
These Altcoins Explode by Double Digits as Bitcoin Price Dips Below $72,000: Market Watch
