Crypto Blog
The negative streak in terms of flows for the spot Bitcoin ETFs continued in the past week and has now become the longest since those products were greenlighted in mid-January.last weekend the substantial outflows of $277.2 million registered in the prior five-day trading period. The landscape only worsened in the past week, even though September 2 was a national holiday in the States.
Overall, $706.1 million left the US spot Bitcoin ETFs within this timeframe. Moreover, this extended the negative streak to eight consecutive days in the red, which has now become the longest. Consequently, the total AUM has fallen below $50 billion for the first time since May 1. As such, it’s safe to assume that the ETF outflows are among theAfter a bearish week for the prices of many crypto tokens—only three of the top 50 tokens by market cap gained on the week, the value of U.S.-based spot bitcoin and spot Ethereum exchange-traded funds have hit new…
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