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⛓️ Crypto🟢 BullishImportance 7/10
Bitcoin ETF Investors Show Diamond Hands: Only $6.5B In Outflows Since October 10
🤖AI Summary
Bitcoin ETF investors have shown resilience during the crypto market downturn, with only $6.5 billion in outflows since October despite Bitcoin's 48.2% correction from its all-time high. ETF analysts emphasize this represents strong investor commitment given the $55 billion in cumulative inflows since launch, with recent signs of renewed demand showing $1 billion in inflows over three consecutive days.
Key Takeaways
- →Bitcoin ETFs have experienced only $6.5 billion in outflows since October 10 despite a 48.2% correction from Bitcoin's all-time high.
- →Total outflows represent just a small fraction of the $55 billion in cumulative net inflows since Bitcoin ETFs launched in January 2024.
- →Bitcoin ETFs recently recorded three consecutive days of inflows totaling over $1 billion, potentially marking their biggest week since mid-January.
- →ETF analysts view investor resilience during the 50% drawdown as the 'real story' rather than focusing on recent outflows.
- →The amount of Bitcoin held by ETFs is only down around 6% despite the significant market pullback.
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#bitcoin-etf#market-correction#institutional-investment#diamond-hands#crypto-resilience#etf-flows#bitcoin-price#market-sentiment
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