Spot Bitcoin ETFs see record 10-day outflow streak, analyst calls it ‘contrarian indicator’
60-second summary
Spot Bitcoin ETFs are experiencing a record 10-day outflow streak, totaling nearly $3 billion, with investors withdrawing funds from these products. Meanwhile, Ether ETFs have seen 14 consecutive days of outflows. This trend is being viewed as a contrarian indicator, suggesting that investors are taking a bearish stance on the market, potentially leading to a rebound in prices.
Spot Bitcoin ETFs logged a record 10-day outflow streak totaling nearly $3 billion, while Ether ETFs bled for 14 consecutive sessions.