Bitcoin ETFs bleed $4.4B as outflow run extends to 13 trading days
Hex37's read
- US Bitcoin ETFs experienced $397M outflows on Wednesday.
- This marks 13 consecutive days of outflows.
- Total outflows reach $4.4 billion.
- Bitcoin price has dropped 21% since May 15.
What it means for traders
- Sustained ETF outflows suggest weakening institutional demand for BTC.
- Continued selling pressure could lead to further price depreciation for BTC.
Affected markets
Practice this on Hex37
News like this moves markets. Practice trading the move with $10,000 in virtual balance and exchange-grade execution, no real money at risk.