INSTITUTIONAL | U.S. Bitcoin ETFs Shed Over $1 Billion in Just 3 Days After Binance Hack
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U.S. spot Bitcoin ETFs recorded $1.16 billion in net outflows over 3 trading sessions, as weakening market sentiment prompted investors to reduce exposure to the cryptocurrency. The funds lost $643 million on Friday, $399 million on Monday, and $116 million on Tuesday, according to SoSoValue data. Bitwise Head of Research, André Dragosch, attributed the withdrawals to short-term risk aversion rather than a structural shift in institutional sentiment. Bitcoin traded near $78,000 while the Crypto Fear & Greed Index rose to 34 from 26, remaining in ‘Fear’ territory.
Source: BitKE
