Extended crypto ETF outflows shows institutions disengaging: Glassnode
Sustained outflows from Bitcoin and Ether ETFs since November suggest institutional investors are disengaging from crypto, according to Glassnode.Summary
Analytics platform Glassnode reports that the 30-day simple moving average of net flows into US spot Bitcoin and Ether ETFs has been negative since early November, signaling a phase of muted participation and partial disengagement from institutional allocators. This trend reinforces the broader liquidity contraction in the crypto market, as ETF flows typically lag spot market movements. While aggregate Bitcoin ETF flows have been negative for four consecutive days, BlackRock’s iShares Bitcoin Trust (IBIT) has seen minor inflows recently. Despite recent selling pressure, IBIT has amassed $62.5 billion in inflows since inception, outperforming rivals and even taking in more assets than the gold ETF (GLD) in a down year, suggesting strong long-term flow potential.
(Source：Cointelegraph)