Bitcoin's biggest ETF selloff yet hits $3.4 billion as AI stocks keep climbing
Hex37's read
- Bitcoin ETFs saw an 11-day streak of outflows, totaling $3.4 billion.
- This is the longest redemption period since their launch in early 2024.
- Investors are shifting funds from crypto to AI-focused stocks.
- The AI stock rally is attracting risk capital away from Bitcoin.
What it means for traders
- Sustained ETF outflows suggest weakening institutional demand for Bitcoin.
- The rotation to AI stocks may indicate a short-term bearish sentiment for BTC.
Affected markets
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