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$BTC ETFs LOSE $390M IN WEEK – LARGEST REDEMPTION SINCE EARLY JULY HITS SENTIMENT
US spot Bitcoin ETFs recorded roughly $390 million in outflows between August 10-14 – the largest weekly redemption since early July.
The daily breakdown:
· Monday: $145 million left
· Wednesday: $61 million left
· Thursday: $131 million left
· Friday: $58 million left
· Tuesday: Just $5 million of net inflows
The problem: ETFs had only ONE positive session last week. Even with good CPI data, Bitcoin failed to rally.
Wintermute's warning: "Lower rate-hike expectations would normally improve the case for risk assets, but Bitcoin failed to respond. The market is moving toward a situation where the inflation problem seems to be moving from the Fed's hands to oil's".
👇 Do you think ETF outflows will continue? Type YES or NO.
#UnitreeTechSoars629%OnDebuts