US Bitcoin Outflows Exceed $1.2B
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•Why Is Bloomberg Analyst Bullish on Spot Bitcoin ETFs Despite $1.2B Outflow?
74% Informative
US Bitcoin exchange-traded funds saw $ 1.2B in outflows over eight days , the largest since their January debut.
Bloomberg analyst Eric Balchunas views the outflows as minor, noting $ 16.8B in YTD inflows.
Despite recent outflows, Bitcoin price is $ 54,959.48 , showing a 1.57% increase in the last 24 hours .
Despite the uptick, several troubling economic indicators are casting doubt on the rally's sustainability.
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