Bitcoin Spot ETFs Facing Sell-Off Alert with Institutional Outflows
Saturday, 27 April 2024, 11:08
Bitcoin Sell-Off Alert: ETFs Hit as Institutional Money Exits
Bitcoin is experiencing a sell-off from institutional investors, with outflows from Bitcoin spot ETFs occurring for the third consecutive day. The DTCC's decision to no longer provide collateral value for cryptocurrency-based ETFs is impacting market liquidity and investor risk. This trend could lead to a capital migration from Bitcoin spot ETFs to alternative investment vehicles.
Key Points:
- Increased Demand: Bitcoin saw demand from institutional investors through approved spot ETFs.
- Recent Outflows: Bitcoin spot ETFs experienced significant outflows for three consecutive days.
- Sentiment: Market sentiment is bearish following the outflows and DTCC's decision on collateral value.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.