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Reviewing Crypto Market Conditions Amid Sell-Off
US BTC ETFs recorded four consecutive months of net outflows in November, December, January and February. March and April interrupted this trend, leading to optimism among crypto bulls that demand via ETFs was regaining strength. However, May has ultimately seen significant net outflows. The USD 1.27B and 1.98B in net inflows in March and April were seen as crucial to BTC’s recovery from February’s low of USD ~60,000 to USD ~82,000 at the start of the month by absorbing broader dispositions of the asset. However, since launch in January 2024, the performance of BTC ETFs in the US remains strong, despite the ... (full story)