Spot Bitcoin ETFs Wane: Expert Weighs In On Continous Outflows Amid Price Volatility

Quick Summary:

The recent negative trend cited around the Spot Bitcoin Exchange-Traded Funds (ETFs) has caused quite a frenzy in the industry as discussions about its trigger and potential impact on BTC arise.

As a result, a market expert has delved into the subject, providing insights about the pessimistic development of the products and price effects.

By observing past trends, Dean noted that the spot BTC ETF withdrawals primarily follow BTC’s price performance, not the reverse.

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Article Details

Author / Journalist: Godspower Owie

Category: Crypto

Markets: Hungary

Topics: Farside Investors ETFs Bitcoin whales Spot Bitcoin Exchange-Traded Funds Lookonchain Bitcoin Bitcoin News Bitwise BTCUSDT ARK Invest Btc Valkyrie Btcusd Grayscale Dean Crypto Trades

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 18:30:12 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 490 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22430270

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 33 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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