MarketPR
Bitcoin dropped below $61,000 as spot ETF products logged a third straight session of net outflows, keeping selling pressure on the leading cryptocurrency.
The drawdown coincided with fresh backlash aimed at Strategy chairman Michael Saylor, who defended the company's latest Bitcoin purchase by invoking net asset value — a shift away from the BTC Yield and BTC-per-Share benchmarks he had long held up as the proper way to evaluate the firm's accumulation strategy.
Three Days of ETF Outflows Signal Cooling Demand Three consecutive sessions of net ETF redemptions is not a crisis, but it is a signal worth watching.
Spot Bitcoin ETFs gave investors a regulated, custodied route into $BTC, and sustained outflows mean more Bitcoin is being liquidated out of those vehicles than is flowing in.
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