📉 Cryptocurrency ETFs Are Being Sold Off: $3.43 Billion Exited Over Two Weeks, Are Institutions Retreating?
According to CoinShares' latest report, cryptocurrency exchange-traded funds (ETFs) have seen significant outflows for the second consecutive week. Last week, the outflow amounted to $1.7 billion, bringing the total outflow over the past two weeks to $3.43 billion.
📊 Key Data Overview from Last Week:
• Bitcoin (BTC): $1.32 billion exited.
• Ethereum (ETH): $308 million exited.
• Altcoins: SOL and XRP saw outflows of $31.7 million and $43.7 million, respectively.
• Institutional Dynamics: BlackRock's iShares fund led the decline with an outflow of $1.2 billion, followed by Grayscale ($300 million) and Fidelity ($197 million).
🤔 Why is the money flowing out?
James Butterfill, the research director at CoinShares, noted that due to heightened geopolitical tensions, combined with market expectations that former Fed governor Kevin Warsh may return to lead the Fed, investors' risk appetite has significantly declined, leading to profit-taking.
💡 Contrarian Moves:
Not all institutions are retreating. ProFunds and Volatility Shares have successfully attracted capital, with inflows of $139 million and $61 million, respectively.
Do you think this is a halftime break in a bull market, or the start of a major correction? Feel free to share your thoughts in the comments! 👇
#ETF #加密货币新闻 #比特币 #以太坊 #CoinShares
