Editor's PiCK
Where did institutional buying go… Spot virtual asset ETFs saw $1.5 billion net outflows last week
Uk Jin
Summary
- It reported that the recent virtual assets (cryptocurrency) market has been showing a sluggish trend.
- Eleven U.S. spot Bitcoin ETFs recorded total net outflows of $1.2253 billion last week.
- Nine spot Ethereum ETFs also reportedly recorded total net outflows of $311.8 million over the same period.
As the virtual assets (cryptocurrency) market has continued to show weak momentum recently, institutional buying has also appeared to cool.
On the 20th (Korea time), according to Farside Investor, 11 U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) had total net outflows of $1.2253 billion last week. No spot Bitcoin ETF products recorded net inflows during the past week, and Grayscale GBTC and BlackRock IBIT had the largest net outflows, in that order.
Spot Ethereum (ETH) ETFs also recorded net outflows last week. Nine spot Ethereum ETFs had total net outflows of $311.8 million from the 13th to the 17th.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
!['Easy money is over' as Trump pick triggers turmoil…Bitcoin tumbles too [Bin Nansa’s Wall Street, No Gaps]](https://media.bloomingbit.io/PROD/news/c5552397-3200-4794-a27b-2fabde64d4e2.webp?w=250)
![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)