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Bitcoin ETF flows reverse as US funds shed $1B amid inflation fears

CryptoSlate
US-listed Bitcoin ETFs experienced a record $1 billion weekly outflow as rising inflation concerns dampened institutional investor sentiment.

Summary

US-listed Bitcoin ETFs recorded their largest weekly capital outflow since January, with investors withdrawing $1 billion. This reversal ends a six-week streak of net inflows and coincides with a 3% decline in Bitcoin's price. Analysts, including those from Ecoinometrics and Coinbase, attribute the trend to heightened inflation concerns following higher-than-expected CPI and PPI data, which has led investors to adopt a cautious stance regarding the Federal Reserve's future monetary policy. Despite the outflows, experts view this as a period of tactical hesitation rather than a fundamental collapse in institutional interest, noting that the broader structural demand for digital assets remains intact for now.

(Source:CryptoSlate)