Institutional investors are starting to get cold feet as the crypto market corrects, with US Bitcoin ETFs reversing course after 15 straight days of inflows. In the past three days, 11 Bitcoin ETFs have lost $1.17 billion as the asset has fallen more than 14% from its record high last week. Fidelity led the “holiday” with $146 million in outflows. However, BlackRock added to its collection with $31.7 million in inflows. 🎢
Meanwhile, Ethereum ETFs are dancing with $130.8 million in inflows. BlackRock is once again the star with $89.5 million. Bitcoin may be sluggish, but altcoins like BNB and AVAX are shining with gains of more than 4%.
What do you think about this trend? Let’s discuss in the comments!