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Bitcoin ETFs Lose $487M in Heaviest Daily Outflow Since June

Published Source: Bitcoin.com NewsRead original

Crypto Insight Summary: Bitcoin ETFs posted $487.07 million in net outflows on Wednesday, their heaviest daily loss since June 25, while ether funds shed another $160.77 million. Together, the two largest crypto ETF categories lost $647.84 million as trading activity accelerated sharply. Bitcoin, Ether ETFs Shed $648M as Selling Widens The most striking feature of Wednesday’s ETF tape […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive ETF outflows signal institutional selling pressure, likely to depress prices.

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Bitcoin ETFs Lose $487M in Heaviest Daily Outflow Since June — Crypto Insight