Joo Ki-Young "BlackRock Bitcoin ETF, Weekly Net Outflow After 3 Months... Buying Pressure Eases"
Minseung Kang
Summary
- Joo Ki-Young, CEO of CryptoQuant, stated that the buying pressure for Bitcoin Spot ETFs has temporarily halted.
- BlackRock's Bitcoin ETF IBIT recorded a negative weekly net inflow for the first time in three months.
- Bitcoin spot ETFs listed in the U.S. saw a net outflow of over $400 million the previous day.
There are observations that the buying pressure for Bitcoin (BTC) spot exchange-traded funds (ETFs) is easing.
On the 31st, Joo Ki-Young, CEO of CryptoQuant, stated on X (formerly Twitter), "The buying pressure for Bitcoin spot ETFs has temporarily halted," adding, "BlackRock's Bitcoin ETF, IBIT, recorded a negative weekly net inflow for the first time in three months."
Bitcoin spot ETFs listed in the U.S. saw a net outflow of over $400 million the previous day.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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