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.

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