Leaky Bitcoin ETFs đźš°

U.S. spot Bitcoin ETFs saw $410M in outflows Thursday as institutional profit-taking and macro hedging create a "liquidity mirage."

📝 What you need to know

The Bitcoin ETF outflows are still flowing.

The BTC funds saw outflows of $410 million Thursday, with six of the past 10 days seeing negative flows.The erratic flow pattern suggests that institutional conviction is wavering, analysts told Decrypt, with retail traders left to navigate a market that appears directionless despite significant daily volume.

"On one side, [Kevin Warsh's] Fed nomination has lowered near-term rate cut expectations, sparking rapid repricing in equities, bonds, and crypto," Christophe Diserens, chief wealth officer at SwissBorg, told Decrypt. "Meanwhile, the Fear and Greed index hit extreme fear levels unseen since 2023, with negative momentum fueled by ongoing bear market narratives on social media."

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