✉news BusinessCrypto first seen 10 d ago, last 10 d ago, peak #28
Bitcoin ETFs shed $1.16 billion as Bitwise downplays outflows
Original: Bitcoin ETFs lose $1.16B as Bitwise calls selling ‘short-term’
US spot Bitcoin exchange-traded funds saw roughly $1.16 billion in outflows, marking a sharp bout of selling from investors. Asset manager Bitwise pushed back against bearish readings, arguing the selling pressure is short-term rather than a sign of lasting institutional retreat from crypto. The exchange-traded fund flows are being watched closely as a gauge of institutional appetite for Bitcoin.
Why now: Large ETF outflows are fueling debate over whether institutional investors are abandoning Bitcoin or just taking short-term profits
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4857984