Bitcoin ETFs shed $434M as BTC briefly touches $60K, assets near $80B
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
Net weekly outflows from Bitcoin ETFs reached $690 million as BTC briefly touched $60,000, reigniting analyst criticism over “paper Bitcoin” and scarcity.
Original source
Read on CointelegraphRelated market context
Bitcoin and Ether ETFs Lose $249 Million While HYPE Funds Extend Inflow Run
Crypto ETF flows stayed uneven on Wednesday, June 10, as bitcoin funds recorded a fourth straight day of outflows and ether ETFs r...
Ethereum Nears 200 Million Non-Empty Wallets Despite Market Uncertainty
Despite persistent market uncertainty and bearish sentiment across parts of the cryptocurrency sector, Ethereum is approaching a s...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Bitcoin ETF Outflows Slow to $19 Million as Blackrock and Morgan Stanley Buy
Crypto ETF flows remained mixed on Thursday, June 11, as bitcoin ETFs posted a fifth straight day of outflows and ether funds reco...
Coinbase Council Warns 7 Million Bitcoin May Face Future Quantum Risk
TL;DR Coinbase’s Quantum Advisory Council says post-quantum migration planning should begin before quantum attacks become practica...
JPMorgan Says the Debasement Trade Retreat Has ‘Accelerated’ for Bitcoin as June ETF Outflows Reach $2.1 Billion
The debasement trade that fueled demand for bitcoin and gold through much of this year is unwinding, and the retreat has accelerat...