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via CoinDesk · By CoinDesk Staff
BTC ETFs lose $635 million in a single day. What next?
BTC
BTC/USDT
$63,140.05
+0.13%
$63,140.05
+0.13%
(24s)24h Volume
$2,813,498,397.22
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.7%
Long: 68.7%Short: 31.3%
Funding Rate
+0.0043%
Longs pay
Data provided by COINOTAG DATALive data
CS
CoinDesk Staff(06:08 AM UTC)
1 min read
Bitcoin investors yanked $635 million from spot ETFs in a day. Here's what it means for price
The single-largest outflow since late January comes as bitcoin turns lower from the 200-day moving average.
A key tailwind that supposedly powered bitcoin's recent rise above $80,000 appears to be fading.
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs), which pulled in $3.29 billion in…
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