WS #16377
Bitcoin ETFs experienced a significant reversal with $636 million in net outflows, led by BlackRock's IBIT, wiping out the previous day's inflows. This shift suggests a temporary risk-off sentiment among institutional crypto investors, potentially driven by geopolitical uncertainties and macroeconomic data expectations. The outflows highlight the sensitivity of crypto assets to broader market risk appetite.
Crypto Outflows & Risk-Off
Bitcoin ETFs experienced a significant reversal with $636 million in net outflows, led by BlackRock's IBIT, wiping out the previous day's inflows. This shift suggests a temporary risk-off sentiment among institutional crypto investors, potentially driven by geopolitical uncertainties and macroeconomic data expectations. The outflows highlight the sensitivity of crypto assets to broader market risk appetite.