Bitcoin ETF ‘Storm Has Passed’ as $2.7B Outflow Streak Ends: Swissblock
The post Bitcoin ETF ‘Storm Has Passed’ as $2.7B Outflow Streak Ends: Swissblock appeared on BitcoinEthereumNews.com. Bitcoin (BTC) institutional demand is “not yet strong” despite positive inflows to the US spot Bitcoin exchange-traded funds (ETFs). Key points: Bitcoin ETF flows reverse a ten-day losing streak, but analysis warns that demand remains weak. An “overwhelming” sell-off is nonetheless over, says Swissblock. Overall BTC demand shows a clear gap between spot and derivatives trends. Swissblock on Bitcoin ETF outflows: “The storm has passed” In new X commentary on Thursday, crypto investment company Swissblock called an end to the “most overwhelming” ETF sell-off in history. “The storm has passed: The most overwhelming ETF distribution wave of this bear market has ended,” it wrote. “As Bitcoin Risk continues easing from Capitulation Risk, Spot ETF flows have turned slightly positive again.” Beginning June 17, the ETFs saw ten straight days of net outflows totaling $2.7 billio