🌍📊Global crypto funds witnessed a massive 4-week moving average outflow of -$700 million, underscoring a sharp correction in institutional sentiment amid a wider market drawdown.
BTCUSDT
Διην.
64,369.4
-1.97%
BNBUSDT
Διην.
601.33
-0.85%
ETHUSDT
Διην.
1,745.5
-2.59%
Investors pulled an unprecedented -$6.6 billion over the last 5 weeks from digital asset products, largely driven by macroeconomic uncertainty and geopolitical tensions.
The market's largest US Bitcoin ETF, BlackRock's iShares Bitcoin Trust ($IBIT), alone lost -$1.7 billion so far in June, following a -$1.5 billion drop in May.
Crypto sentiment remains sour.