Bitcoin ETFs See Third Highest Outflow Since Launch, the Other Two Times Was Just Before BTC Price Bottoming

For the reason that launch of the ETFs, Thursday was the third worst day for the bitcoin-linked merchandise. Curiously, the opposite two instances the ETFs noticed outflows of over $400 million was on Nov. 4 ($541.1 million), simply previous to the U.S. election, and Could 1 ($563.7 million). On Nov. 4, bitcoin bottomed round $67,000 earlier than occurring a tear all the best way to over $93,000. Whereas the Could low coincide with a backside at just below $60,000.