US Spot Bitcoin ETFs Experience Largest Daily Outflow Amid Market Struggles

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TheNewsCrypto 15h ago

US Spot Bitcoin ETFs Experience Largest Daily Outflow Amid Market Struggles - TheNewsCrypto

Quick Summary:

U.S.spot Bitcoin exchange-traded funds (ETFs) faced a significant setback on February 25, reporting their largest-ever daily net outflow of approximately $938 million.

This downturn follows a broader crypto market rout that has seen Bitcoin’s price falter, trading below the crucial $90,000 mark.

He explained that hedge funds often go long on ETFs while shorting CME futures to generate higher yields, but this strategy falters when yields decrease, prompting these funds to sell their ETF positions.