Bitcoin ETFs are witnessing a significant outflow, exceeding $1 billion in the past ten days, with no inflows recorded. This trend is causing panic among institutional investors. The outflows have been substantial, particularly from Grayscale's GBTC and Fidelity’s FBTC. The decline in institutional interest is attributed to the current market uncertainty and the underperformance of Bitcoin compared to the US stock market. Analysts emphasize the need for strong catalysts to reverse this trend and stabilize Bitcoin's price.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
