Bitcoin ETP outflows push rolling one-year flows negative for first time since 2023: K33
The Block·
60-second summary
Bitcoin ETP holdings are experiencing a significant drawdown, down 8% from their peak, marking the largest decline on record, according to Vetle Lunde, Head of Research at K33. This 8% drop indicates a substantial shift in investor sentiment, as ETP holdings have reached a one-year low, a first since 2023, impacting the overall cryptocurrency market.
Bitcoin ETP holdings are down 8% from their peak, the largest drawdown on record, according to Head of Research Vetle Lunde.