CoinShares Executive: Bitcoin and digital asset ETP/ETF's weekly net outflows have reached a new high, but the selling wave seems to be receding
ChainCatcher reports, CoinShares Research Director James Butterfill posted on X platform saying: "Despite the net outflow of Bitcoin and digital asset ETP/ETFs reaching $2.6 billion this week (a historical high), it appears that most basis trades have been closed, and the selling frenzy is subsiding."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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