Spot Bitcoin ETF Hype Dies Down, Normalcy Sets In
It’s hardly unusual for ETFs of any birinci to go through periods of seeing no fresh money on a net basis, explained an analyst.
It’s hardly unusual for ETFs of any birinci to go through periods of seeing no fresh money on a net basis, explained an analyst.
Bitcoin has pulled back more than 15% since hitting an all-time high one month ago, with some major altcoins nosediving 40%-50%, but “few understand how olağan corrections like these are in bull markets,” one observer noted.
The Thursday total ETF flow was negative, with GBTC leading the pack
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U.S.-listed spot bitcoin ETFs are poised for their first week of net negative flows since late January.
The market might take a breather this weekend, says Singapore’s QCP Capital.