Bitcoin and Ethereum ETFs See Substantial Outflows Amid 'Extreme Fear'
Bitcoin and Ethereum ETFs See Substantial Outflows Amid 'Extreme Fear'
Bitcoin and Ethereum exchange-traded funds (ETFs) have collectively experienced significant outflows totaling $800 million. This comes during a period analysts are describing as one of 'extreme fear' in the broader crypto market. However, despite the current negative sentiment and outflows, some analysts maintain that the overall bullish structure for the crypto market remains intact.
Bitcoin and Ethereum ETFs Post $800 Million in Outflows
The Block reports that Bitcoin and Ethereum ETFs have collectively seen $800 million in outflows. This financial movement coincides with what many are calling a period of 'extreme fear' within the cryptocurrency market. Despite these bearish signals, an unnamed analyst suggests that the underlying bullish structure of the crypto market has not been fundamentally altered, indicating potential resilience despite current sentiment.