Crypto ETFs bleed $790mln as shutdown fears grip markets – Report
While Congress has gone quiet due to a partial government shutdown, the crypto market is feeling the impact.
The funding lapse over the weekend hasn’t just pushed investors into a more cautious, risk-off mood across spot markets; it has also effectively frozen activity in the crypto ETF space.
As a result, money rushed out of crypto investment products on the last trading day before the weekend.
Bitcoin and Ethereum ETF sees outflows
Spot Bitcoin [BTC] ETFs alone saw $509.7 million leave in a single day.
This added to an ongoing trend of steady outflows that has been in place since 16th January, with just one day of inflows.
BlackRock’s Bitcoin ETF, IBIT, which usually attracts strong institutional demand, saw the…
