🪙 Outflow from BTC-ETF Reaches $1.2 Billion in 8 Days

📉 The outflow from spot Bitcoin ETFs between August 28 and September 6 amounted to $1.2 billion, Bloomberg reports.

🔻Experts say this is the longest streak of daily fund withdrawals from ETFs since their listing in January. The catalyst was a wave of flight from risky assets amid an uncertain macroeconomic environment.

🔹 As Bianco Research CEO Jim Bianco noted, more time will be needed for wider adoption of ETFs. He named the 2028 halving and significant on-chain tools development as potential catalysts. Currently, he believes ETFs are more of a "small tourist product."

🔹 Very little "new money" has entered the crypto space, as most inflows are linked to "on-chain holders who have returned to TradFi accounts."

🎤"We need to be patient, go through a few more cycles, and make a breakthrough in development,"

— Bianco suggested.

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