Spot crypto ETFs see broad outflows as bottom debate continues
US spot bitcoin ETFs lost $201M on Monday and ether ETFs $184.5M, while traders disagree on whether the market has bottomed.
What we know
The Block reports US spot bitcoin ETFs saw $201M of net outflows Monday, led by $213.2M from BlackRock's IBIT, with ether, XRP, Solana and HYPE ETFs also seeing outflows. One trader argues last week's sell-off looked like capitulation but the worst may not be over, calling Monday's rally bait, while another says indicators resemble past bear market bottoms. Sentiment among some traders is poor, with one resorting to small arbitrage trades.
Sources
“US spot bitcoin ETFs recorded $201 million in net outflows on Monday”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.