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ForkAndChill

ETF funds are being shifted, BTC is bleeding and ETH is also paused, and only LINK is quietly pulling in money—this rotation is kind of interesting.

BTC1.10%
ETH2.58%
View Original
CoinNetwork
$148 million outflows from US crypto ETFs; demand for BTC ETFs weakens
On July 9, U.S. crypto ETFs saw widespread redemptions, with total net outflows of about $148 million, mainly due to weaker demand for Bitcoin ETFs. Bitcoin funds led the decline, while Ethereum products ended five days of inflows. Bitwise data shows that U.S. Spot Bitcoin ETFs had net outflows of $95.3 million, Spot Ethereum ETFs saw net outflows of $52.08 million, and the Chainlink product had a net increase of $565,680. Overall, funds were not entirely withdrawn from the market, but were transferred among different assets. On July 10, BTC was around $63,959, and short-term liquidity is still concentrated in BTC and ETH products.
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