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The landscape around the spot Bitcoin ETFs in the US has changed dramatically since a few weeks ago when investors showed significant demand.
Current data shows six consecutive days of consistent outflows, with September 3 being the worst in terms of flows since May 1.US investors’ behavior regarding the spot Bitcoin ETFs is frequently impacted by the state of the local economy. For example, they allocated more than $200 million on two occasions, August 23 and 26, after the promise of Fed Chair Jerome Powell that the time for the central bank to cut the interest rates had arrived.
Those inflows were the culmination of an extended streak of eight consecutive days. That’s where everything changed as investors started to pull out funds. Asduring the weekend, the rest of the August 26-30 week saw only outflows, with more than $277 million leaving the financial vehicles.on the next day, which actually became the worst since May 1, with $287.8 million withdrawn from the largest ETFs.
Only Fidelity’s FETH saw minor inflows of $4.9 million on Wednesday, unlike the rest, where trading activity was minimal or non-existent.COTI V2 Underway, Garbled Circuits Integration and Privacy Breakthroughs: Interview with CEO Shahaf Bar-GeffenSign-up FREE to receive our extended weekly market update and coin analysis report
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