Signals from the financial sector as Bitcoin and Ethereum ETFs continue to "bleed"

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The crypto market is currently experiencing a rather “cold” phase from institutional investors. It’s not just a one or two-day phenomenon; according to data from Glassnode, since the beginning of November, the 30-day moving average of net flows has consistently remained negative, clearly reflecting a decline in confidence among large investment funds.

The specific figures are quite heavy: on December 23rd, Bitcoin ETF funds recorded outflows of up to $188.6 million, according to Farside Investors. Notably, the exclusive trend towards BTC also shows signs of weakening. During the same period, this unfavorable trend extended to the Ethereum sector, with Ethereum ETF funds losing $95.5 million — continuing a four-day streak of outflows.

Interestingly, BlackRock’s IBIT fund recorded some inflows in late December; however, this is just a faint signal amid the overall still-negative picture. Overall, the image of institutional investors in the crypto space appears more monochrome than ever — as they face difficult decisions on how to manage their investment portfolios.

BTC-1,59%
ETH-1,13%
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