Bitcoin24h $59,974.17-0.90%

Ethereum24h $1,579.38-0.76%

BNB24h $554.55-1.61%

XRP24h $1.05-1.36%

Solana24h $71.70-1.27%

TRON24h $0.3230+0.86%

Hyperliquid24h $62.91-1.49%

Dogecoin24h $0.0737-2.82%

UNUS SED LEO24h $9.43+0.65%

Zcash24h $388.99-4.76%

Bitcoin crashes below $60K after 13 days of ETF outflows

For 13 uninterrupted trading days, not a single dollar of net new money moved into spot BTC exchange-traded funds.

CHART: Bitcoin ETFs shed $58B, dropping faster than BTC

Although both BTC ETFs and the price of BTC itself have declined since October, ETF outflows have far outpaced the asset’s decline.

The contentious release of Bitcoin Core v30 is a reminder about the power of spot ETFs to choose which BTC fork earns investment flows.

Despite persistent purchases and tens of billions of dollars worth of institutional ownership, MSTR is nowhere close to an all-time high.

The number of crypto ETFs could double within a year after a the SEC relaxed application requirements yesterday.