Bitcoin ETF outflows have surpassed $11 billion from their peak as selling pressure accelerates. Bloomberg Intelligence analyst James Seyffart warned that selling pressure shows no sign of slowing down. Meanwhile, the Mt. Gox trustee has officially begun distributing Bitcoin to creditors through registered custodians and exchange partners. Despite this, Bitcoin ETFs recorded modest positive inflows of $21.5 million, signaling a sharp cooldown in investor demand. In contrast, Ethereum ETFs showed stronger relative performance with $26.9 million in inflows, driven entirely by the ETHA product.
The leading cryptocurrency's rally halted as U.S.-Iran tensions escalated, leading analysts to compare Bitcoin ETF patterns to gold's historical volatility.
Read the full storyIn a positive shift for digital asset markets, Bitcoin ETFs have maintained momentum with a third consecutive day of net inflows.
The Mt. Gox trustee has officially started distributing Bitcoin to creditors through registered exchanges after a decade-long wait.
Cumulative Bitcoin ETF outflows have topped $11 billion from their peak value as institutional selling pressure shows no signs of slowing.