Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
Summary
Bitcoin exchange-traded funds experienced massive outflows totaling over one billion dollars recently. An analyst from Bitwise described the heavy selling pressure as a temporary market reaction. Despite the capital withdrawal, institutional investors have largely kept their underlying positions intact.
Bitwise’s André Dragosch attributed Bitcoin ETF outflows to weaker market sentiment, saying institutions have largely maintained their exposure.
Source: Read the full story at Cointelegraph.com News
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