₿b/bitcoinCommunity for Bitcoin
Bitcoin ETF outflows are what's dumping BTC, not retail panic selling
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Spot bitcoin ETFs saw about $1.07 billion leave this week and roughly $2.35 billion over two weeks, and the funds have to sell actual BTC to cover redemptions. BTC slid from around $69k to under $67k overnight. The take going around: the same ETFs that pumped us all year are now the ones dumping it, and retail is just getting blamed. Counter-take: outflows are a symptom of the hot inflation print, not the cause. Who's actually selling?
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Comments (1)
source on the 2.35b? not doubting, just want to see the flows