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What this means: Seyffart argues investors may be overreacting to ETF redemptions

2 min read

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The contrast: Not all crypto ETFs are seeing the same investor behavior.

Key facts

Summary

Latest developments: Crypto markets are under pressure as Bitcoin sits around $60,000 and ETF outflows continue. Bitcoin ETFs have recorded four consecutive weeks with more than $1 billion in net outflows. James Seyffart of Bloomberg Intelligence joined Public Keys and said roughly $9 billion has exited Bitcoin ETFs since their recent peak. Despite the pullback, Seyffart noted Bitcoin ETFs still hold roughly $50 billion-plus in cumulative net inflows since launch. Crypto prices were also weighed down by concerns surrounding a recently disclosed Zcash privacy bug and broader risk-off sentiment.

#Bloomberg #SpaceX #Bitcoin #Bitcoin ETF