Spot bitcoin ETFs shed $1.26 billion in worst week since late January as ether funds see 10-day outflow streak
Hex37's read
- Spot Bitcoin ETFs recorded $1.26 billion in outflows, the worst week since January.
- Ether ETFs continue a 10-day streak of net outflows.
- BlackRock's IBIT net assets trail cumulative inflows by $3.7 billion.
What it means for traders
- Institutional selling pressure suggests a short-term bearish sentiment for BTC and ETH.
- Monitor support levels closely as ETF outflows indicate a cooling of institutional demand.
Affected markets
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