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⛓️ Crypto🔴 BearishImportance 6/10
Bitcoin relief rally hits wall as spot ETFs log $228M in outflows
🤖AI Summary
US spot Bitcoin ETFs experienced $228 million in outflows on Thursday, breaking a three-day inflow streak and halting Bitcoin's recent relief rally. Solana ETFs also posted their first losses since February, indicating broader investor sentiment shift.
Key Takeaways
- →Bitcoin spot ETFs recorded $228 million in outflows, ending three consecutive days of inflows.
- →The outflows coincided with Bitcoin's relief rally hitting resistance levels.
- →Solana ETFs experienced their first losses since February, showing weakness beyond Bitcoin.
- →The shift suggests changing investor sentiment toward crypto ETF products.
- →ETF flows serve as a key indicator of institutional investor appetite for cryptocurrency exposure.
Mentioned Tokens
$BTC$70,458▼-3.8%
$SOL$87.66▼-5.3%
Non-custodial · Your keys, always
Read Original →via CoinTelegraph
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