Bitcoin ETFs extend outflows as Fed caution, geopolitical risks weigh on crypto — TradingView News
The US Bitcoin exchange-traded fund (ETF) market remained under pressure through January 28, recording a second consecutive day of net outflows and underscoring persistent caution among institutional investors despite a sharp slowdown in the pace of redemptions.
According to the data from Farside Investors, Bitcoin ETFs logged net outflows of around $19.6 million on January 28.
While the figure was modest compared with the heavy selling seen earlier in the month, it extended a weak stretch in which the funds have posted only one positive inflow day over the past eight trading sessions, and that lone gain amounted to just about $7 million.
The recent softness marks a clear reversal from the strong enthusiasm seen in mid-January.
Inflows on…
