Bitcoin-based exchange-traded funds (ETFs) experienced significant outflows, totaling $134 million on March 6.
This marks the fourth consecutive day of withdrawals, signaling a retreat from digital asset funds.
In addition to Bitcoin, Ethereum ETFs also saw a decline, with a net outflow of $35.89 million.
This pattern of investor pullback is raising concerns about market volatility and economic uncertainties, including Bitcoin price fluctuations and regulatory changes.
While recent outflows indicate caution among institutional investors, experts believe that this could be part of a broader market correction rather than a permanent shift.
Many analysts remain optimistic about the long-term potential of crypto ETFs, awaiting to see if the trend reverses in the near future.
Bitcoin’s potential for a bull run might depend on the trajectory of the US Dollar Index (DXY), according to prominent crypto trader CarpeNoctom.
Bitcoin exchange-traded funds (ETFs) in the United States recorded significant net outflows of nearly $100 million on Thursday, coinciding with a sharp decline in the U.S. stock market.
Crypto analyst Crypto Capo believes that Bitcoin may be on the verge of a significant upward move despite its recent dip.
The cryptocurrency market faced a sudden downturn on Thursday, as unexpected tariff announcements shook investor confidence.