Bitcoin and Ethereum ETF funds continue to experience net outflows, indicating that some institutional investors are exiting the market.
ChainCatcher News, Glassnode posted on social media stating that since early November, the 30-day moving average (30D-SMA) of net inflows for bitcoin and ethereum ETFs has turned negative and has remained so to this day. This persistence indicates that institutional investors are currently in a phase of low participation and partial withdrawal, further confirming the overall trend of liquidity contraction in the crypto market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Circle Launches Digital Precious Metals Platform, Supporting Tokenized Gold and Silver Exchange via USDC
New York gold futures fell to $4,500 per ounce, down 0.14% on the day.
Initial jobless claims unexpectedly declined, and the unemployment rate may remain high in December
Trending news
MoreCrypto prices
More
