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BTC, ETH ETFs Incur More Outflows Amid Sentiment Shift
The crypto ETF market is facing a significant downturn. As per the data from Lookonchain, the Bitcoin BTC and Ethereum ($ETH) ETFs are recording a considerable pullback as the institutional demand is cooling down, as of April 9. The on-chain analytics provider shared the exclusive outlook of the crypto ETF landscape on its official X account. Lookonchain’s data suggests a noteworthy sentiment shift in the crypto ETF sector as the market is consolidating. The total outflow of the Bitcoin ($BTC) exchange-traded funds accounts for a staggering 847 $BTC on the 9th of April. This figure equals a value of up to $68.95M. ... (full story)
