Bitcoin ETFs See Mixed Inflows Despite Anticipation And Hedge Fund Shorts

Bitcoin ETFs See Mixed Inflows Despite Anticipation And Hedge Fund Shorts

Published Tuesday 11th June 2024

Bitcoin ETFs have been a hot topic of discussion among investors lately, with mixed inflows despite significant anticipation and hedge fund shorts. Last week, US Bitcoin ETFs saw a notable $1.8 billion in inflows. However, this streak of positive inflows came to an end after 19 days, with $71 million in outflows reported. These fluctuations in investor sentiment highlight the volatility and uncertainty surrounding cryptocurrency ETFs.

The recent outflows from US Bitcoin ETFs coincided with the anticipation of the Federal Reserve's rate decision. Investors were closely monitoring the Fed's announcement, which could have a significant impact on the cryptocurrency market. The uncertainty surrounding interest rates and macroeconomic factors likely influenced investors' decisions to pull out funds from Bitcoin ETFs, contributing to the $71 million outflows seen last week.

Crypto News & Headlines

Spot Ethereum ETFs Likely To Trade Starting July 2, Says Bloomberg Analyst

Bloomberg analyst Eric Balchunas predicts the launch of the highly anticipated spot Ethereum ETFs on July 2nd, following optimistic feedback from the

Trending on 15th June 2024 08:15 AM

Uniswap (UNI) Surges Past $10 With Potential To Hit $20

Uniswap's native cryptocurrency, UNI, has surged over 8%, trading above $10 amid broader market consolidation.

Trending on 15th June 2024 07:36 AM

Turkey Proposes New Crypto Tax Amid Ongoing Lira Struggles

Turkish lawmakers propose a 0.03% tax on crypto transactions to address the budget deficit caused by last year's earthquakes.

Trending on 14th June 2024 11:02 PM

Majority Of Central Banks Consider CBDCs, Reports BIS

The latest BIS report reveals that 94% of central banks are considering a CBDC, with a greater focus on wholesale CBDCs over retail ones within the ne

Trending on 14th June 2024 10:21 PM

Gemini Settles $50M Fraud Case With New York

New York Attorney General Letitia James secured a $50 million settlement from Gemini Trust to repay defrauded investors in its Gemini Earn program.

Trending on 14th June 2024 09:15 PM